U.S. House passes Fed audit bill but measure is seen doomed in Senate

Section:

By David Lawder
Reuters
Wednesday, September 17, 2014

WASHINGTON -- The U.S. House of Representatives today overwhelmingly passed a bill that would open up Federal Reserve monetary policy decisions to a congressional audit, reviving a measure passed in 2012.

But the legislation approved by the Republican-dominated House is expected to meet a fate similar to its predecessor's: death in the Democratic-controlled Senate.

The "Federal Reserve Transparency Act" passed 333-92 in a bipartisan vote. It is largely similar to the 2012 "Audit the Fed" bill championed by former libertarian Representative Ron Paul. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/09/17/us-usa-fed-congress-idUSKBN0HC...



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