This is the most common-sense legislation currently on hold in Washington. It is sad that we even require such legislation. Since we began intervening in Syria, the Army lost track of over a billion $ in weapons, and we now know that many of the guns, humvees and tanks we sent to "moderate rebels" there ended up under the control of ISIS. This truth is a disgrace to those who lobbied for such action, and it undermines everything our soldiers have fought and died for. People should lose their jobs over such failed oversight, but they don't. Congress should stop the delay, debate and pass this bill to prevent our government from arming more terrorists! If elected, I will not relent until this bill is debated and brought to a recorded vote.
The GAO is currently prohibited by law from auditing four areas of the Federal Reserve: 1) Transactions for or with a foreign central bank, government of a foreign country, or private international financing organization; 2) Deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations; 3) Transactions made under the direction of the Federal Open Market Committee; or 4) discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to three previously mentioned areas.
The Audit the Fed bill removes these four exemptions and is supported by nearly 75 percent of the American people.