Audit The Fed Bill Fails After Former Co-Sponsors Flip-Flop

Ron Paul’s attempt to audit the Federal Reserve, which was previously co-sponsored by 320 members of the House (HR 1207), failed by a vote of 229-198. All Republicans voted in favor of the measure with 23 Democrats crossing the aisle to vote with Republicans. 122 co-sponsors of HR 1207, all Democrats, jumped ship and voted against the measure.

CONGRESSMAN RON PAUL ON THE ALEX JONES SHOW (July 1, 2010) PART 1/3

The GOP had offered the Fed audit as the minority’s last chance to alter the financial regulation bill. The bill does have a watered-down audit provision in the conference report, but it is limited to loans made by the Fed during the height of the economic crisis. Ron Paul’s bill would have allowed a total examination of the Fed’s books.

CONGRESSMAN RON PAUL ON THE ALEX JONES SHOW (July 1, 2010) PART 2/3

CONGRESSMAN RON PAUL ON THE ALEX JONES SHOW (July 1, 2010) PART 3/3

Click here to see a list of HR 1207 cosponsors who voted against yesterday’s motion.

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