It’s Finally Happening: We’re Going to Audit the Fed

19 Dec, 2015 by Cassy Fiano

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Rand Paul, like his father before him, has promised to audit the Federal Reserve for a long time. And now, it might actually happen.

Republican presidential candidate Rand Paul hopes a promised vote in January on a bill to audit the Federal Reserve can boost his struggling campaign heading into the pivotal Iowa caucuses.

Paul told The Associated Press in a phone interview the Senate has scheduled a procedural vote on Jan. 12 on a measure championed by the Kentucky senator’s father, former Texas congressman and 2012 Republican presidential candidate Ron Paul.

The vote to end debate, which requires 60 yeas, would come two days before the next televised Republican presidential debate and three weeks before the Iowa caucuses. If the measure passes on the procedural vote, it could come up for final consideration.

“We’ve been trying for nearly five years now to get a vote on it in the Senate,” Paul said, adding he has about 37 co-sponsors. “Regardless of the campaign, it’s something we believe in, and it’s a big issue.”

Among the co-sponsors are Paul’s rivals for the White House, Sens. Marco Rubio of Florida and Ted Cruz of Texas.

It’s about time that a vote will finally happen on auditing the Fed. Now we just have to wait and see if the vote will actually pass.