View Full Version : Will Rand Paul Take up the Federal Reserve Fight in the Senate?

09-06-2009, 11:24 PM
Over the last few months, there has been a growing movement to bring transparency and new levels of accountability to the US Federal Reserve. Congressman Ron Paul has been leading the fight in the House of Representatives. There’s no champion fighting in the US Senate to bring accountability to the Federal Reserve, but that might change if one Kentucky senatorial candidate gets elected.

Currently in the U.S. Senate, there’s a piece of legislation similar to Ron Paul’s H.R. 1207 which would bring new levels of accountability to the Federal Reserve by allowing the GAO to audit the Fed. The legislation, S.604: The Federal Reserve Sunshine Act of 2009, introduced by Bernie Sanders of Vermont, currently has 23 cosponsors. Unfortunately, the legislation is currently sitting in committee and hasn’t gained much momentum.

This could all change if Randal (Rand) Paul an American eye-surgeon, political activist and son of Ron Paul, gets elected in his bid for one of Kentucky’s two slots for the senate. After embattled Republican Senator Jim Bunning announced he would not be running for re-election, Rand Paul threw his name into the ring and has raised $815,000 for his campaign. His competitor in the Republican primary is Charles “Trey” Grayson, who is currently Kentucky’s Secretary of State.


09-07-2009, 11:38 AM
H.R 1207 and S.604 could be re-introduced even if defeated! Right now, if Barney Frank helps send
H.R 1207 onto the Senate, Ron Paul's bill could be hotly debated before his son Rand sits in his seat...