Fed Audit Legislation Gets Renewed Push From Ron, Rand Paul
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Texas Representative Ron Paul, the Republican who advocates abolishing the Federal Reserve, joined by son Rand, a newly elected senator, renewed a push for a broad examination of the central bank’s activities.
The Pauls each introduced legislation today to require an audit of the Fed by the Government Accountability Office, and the bills are similar to Ron Paul’s proposal from the last two years, the lawmakers said in statements. Ron Paul said he is starting with 56 cosponsors after gaining 320 in his previous push. Rand Paul was elected to the Senate in November as a Republican from Kentucky.