Audit the Fed provision passes the House!

[TheHouseMan]

Unfortunately it has to get passed the Senate, where it has less sponsors, only 30

http://georgewashington2.blogspot.com/2009/12/fed-audit-provision-passes-house.html

I have just received confirmation from a very credible Congressional source that the bill to audit the Federal Reserve is included in the House financial reform legislation which passed today.

....

Congressman Grayson has confirmed that the bill to audit the Fed passed:

"The bill includes the Paul-Grayson amendment, which calls for the first independent audit of the Federal Reserve in the 96-year history of the central bank. Congressman Grayson teamed with Rep. Ron Paul to push for the “Audit The Fed” legislation. Congressman Grayson discovered that the Federal Reserve has conducted secret bailouts that range in the hundreds of billions of dollars since 2008. The bill grants authority to the non-partisan General Accountability Office to conduct the audit. “Exposing how the Federal Reserve operates is a crucial component to any meaningful reform. We need to find out what they’ve done and then we can figure out how to respond,” Congressman Grayson said.

My source says that it will take a couple of days for the GAO to assemble all of the amendments into a single text.

In the meantime, you can view the version of the bill provided by Congress' Thomas website here or here.