Washington, D.C. - Rep. Bruce Braley (IA-01) today released the following statement after the House passed the Federal Reserve Transparency Act introduced by Rep. Ron Paul (R-TX). This legislation calls for an extensive audit of the Federal Reserve System before the end of 2012.
"This bill is a bipartisan, common-sense solution to make sure that there is transparency and accountability within the Federal Reserve and I`m proud to be a cosponsor.
"We look to the Federal Reserve to provide guidance on the stability of our economy, and as taxpayers we deserve to know that the Fed is handling its responsibilities in a fair and public way. Ensuring that the Federal Reserve undergoes an extensive audit is one way to make this happen."
Rep. Ron Paul (R-TX) introduced the Federal Transparency Act of 2011 last year and Rep. Braley signed on as a cosponsor, joining 273 other representatives.
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