The Federal Reserve has tremendous economic authority, but continues to operate in complete secrecy without approval or oversight by Congress.
I’ve introduced several bills to Audit the Federal Reserve and will continue to fight for transparency and oversight.
It is by far time Congress passes legislation to hold the Federal Reserve accountable to the people’s representatives.
My legislation would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve’s Board of Governors and reserve banks within one year of the bill’s passage and to report back to Congress within 90 days of completing the audit.