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CFA Urges Support of Vitter Audit the Fed Amendment

Monday, May 10, 2010 12:00 PM Add to Facebook Add to Twitter

Today, the Center for Fiscal Accountability sent a vote alert to the United States Senate urging members to vote "yes" on Senator Vitter's Audit the Fed amendment, which would provide for a transparent audit of the central bank. Previously, an amendment had been offered by Senator Sanders to accomplish a thorough audit of the Federal Reserve. The language in that amendment has since been watered down and will provide little benefit to taxpayers who wish to know how the Fed spends their money. From our alert:

Recently, there has been an outpour of public support for greater transparency in government finance including the area of the Federal Reserve, as taxpayers become increasingly frustrated with the level of opacity regarding decisions that concern their fiscal well-being. They have been joined by more than 310 House members who co-sponsored the Paul/Grayson Audit the Fed bill (H.R. 1207) and 32 Senators who co-sponsored the Senate companion bill (S.604).

Click here to read the full alert.

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