Sen. Rand Paul announced on Wednesday that President-elect Trump has stated his support for the “Audit the Fed” bill that Paul just reintroduced to Congress, according to The Hill.
Auditing the Fed is something that started with Rand Paul’s father, Ron Paul, who has been pushing for years to have the Federal Reserve central bank audited. That measure may soon become a reality if the new Congress votes in favor of the legislation.
Rep. Thomas Massie (R-Ky.) and Sen. Rand Paul (R-Ky.) have re-introduced the controversial “Audit the Fed” bill, after a similar effort failed with the last Congress in January 2016.
“The U.S. House has responded to the American people by passing Audit the Fed multiple times, and President-elect Trump has stated his support for an audit. Let’s send him the bill this Congress,” Rand Paul said.
Key points this time around include the fact that both the house and senate are controlled by Republicans who have long been critical of the Fed’s policies. Trump himself also has said before on Twitter that he would audit the Fed.
Under the bill, the Fed’s monetary policy would be subject to outside board review by the Government Accountability Office. However, if the U.S. central bank is ever fully audited, it is assumed that massive fraud would be exposed. full story