Thanks to your quick action in contacting Congress, the House Financial Services Committee earlier today rejected Representative Mel Watt’s attempt to hijack Audit the Fed by voting 43-26 to pass Ron Paul’s amendment to the financial regulatory reform bill.
Dr. Paul called me right after the vote to personally express his thanks to C4L members for all of your efforts!
It is an incredible testament to the growing power of the liberty movement that we were able to get such an audit passed by a major House committee, but this is by no means the end of our fight.
Financial Services leadership has seemed determined for several months that if an audit of the Fed were to get out of Committee, it should be attached to an overall regulatory reform package that would actually increase the powers of the Fed to interfere in our economy.
Congressman Paul’s amendment gives the Government Accountability Office power to conduct a thorough audit of the Fed’s entire $2 trillion balance sheet and replaces the Watt language that would have further restricted GAO audits of the Federal Reserve.
While this is a victory over an attempted hijacking of our cause, the audit authority is still being rolled into the Financial Stability Improvement Act, a bill that Campaign for Liberty will oppose.
This Act will be voted on as soon as the Committee returns from its Thanksgiving break, and we will then know if it will move to the floor.
And it’s already becoming clear that Ron Paul’s amendment may face challenges on the House floor.
Now is the time to turn up the pressure!
Keep contacting Congress and tell your representative that before Congress debates over giving the Fed any new powers, we need to know what they’re doing with the ones they already have!
Urge your representative to support a standalone, up or down vote on Audit the Fed, H.R. 1207.
We’ve put too much work into this effort to see an audit bogged down in yet another Washington bureaucratic nightmare.
Make no mistake, though, the victory today proved we can get the votes to pass the thorough, historic audit we’ve been fighting for this past year. We have put the Federal Reserve on notice that the freedom movement is serious about reclaiming our country and that it is here to stay.
Thanks for all you do for the cause of freedom. Now, let’s finish this fight!
Full list of voters on the Paul/Grayson amendment:
AL-06 Rep. Spencer Bachus – yay
CA-12 Rep. Jackie Speier- yay
CA-22 Rep. Kevin McCarthy – yay
CA-27 Rep. Brad Sherman – yay
CA-35 Rep. Maxine Waters – nay
CA-40 Rep. Edward R. Royce – yay
CA-42 Rep. Gary G. Miller – nay
CA-43 Rep. Joe Baca – nay
CA-48 Rep. John Campbell – yay
CO-07 Rep. Ed Perlmutter – yay
CT-04 Rep. Jim Himes – nay
DE-01 Rep. Michael N. Castle – yay
FL-08 Rep. Alan Grayson – yay
FL-12 Rep. Adam Putnam – yay
FL-15 Rep. Bill Posey – yay
FL-22 Rep. Ron Klein – nay
FL-24 Rep. Suzanne Kosmas
GA-06 Rep. Tom Price – yay
GA-13 Rep. David Scott – yay
ID-01 Rep. Walt Minnick – yay
IL-04 Rep. Luis V. Gutierrez – nay
IL-08 Rep. Melissa L. Bean – nay
IL-13 Rep. Judy Biggert – yay
IL-14 Rep. Bill Foster – nay
IL-16 Rep. Donald A. Manzullo – yay
IN-02 Rep. Joe Donnelly – nay
IN-07 Rep. Andre Carson – nay
KS-02 Rep. Lynn Jenkins – yay
KS-03 Rep. Dennis Moore – nay
MA-04 Rep. Barney Frank – nay
MA-08 Rep. Michael E. Capuano – nay
MA-09 Rep. Stephen F. Lynch – nay
MI-09 Rep. Gary Peters – yay
MI-11 Rep. Thaddeus McCotter – yay
MN-03 Rep. Erik Paulsen – yay
MN-05 Rep. Keith Ellison – nay
MN-06 Rep. Michele Bachmann – yay
MO-01 Rep. William Lacy Clay – yay
MO-05 Rep. Emanuel Cleaver – nay
MS-01 Rep. Travis Childers – yay
NC-03 Rep. Walter B. Jones – yay
NC-10 Rep. Patrick T. McHenry – yay
NC-12 Rep. Melvin L. Watt – nay
NC-13 Rep. Brad Miller – nay
NH-02 Rep. Paul W. Hodes – yay
NJ-03 Rep. John Adler – yay
NJ-05 Rep. Scott Garrett – yay
NJ-07 Rep. Leonard Lance – yay
NY-03 Rep. Peter King – yay
NY-04 Rep. Carolyn McCarthy – yay
NY-05 Rep. Gary L. Ackerman – nay
NY-06 Rep. Gregory W. Meeks – nay
NY-12 Rep. Nydia M. Velázquez – yay
NY-14 Rep. Carolyn B. Maloney – nay
NY-25 Rep. Dan Maffei – yay
NY-26 Rep. Christopher Lee – yay
OH-01 Rep. Steve Driehaus – yay
OH-06 Rep. Charles Wilson – nay
OH-15 Rep. Mary Jo Kilroy – nay
OK-03 Rep. Frank D. Lucas – yay
PA-06 Rep. Jim Gerlach – yay
PA-11 Rep. Paul E. Kanjorski
SC-03 Rep. J. Gresham Barrett – yay
TX-05 Rep. Jeb Hensarling – yay
TX-09 Rep. Al Green – nay
TX-14 Rep. Ron Paul – yay
TX-15 Rep. Rubén Hinojosa – yay
TX-19 Rep. Randy Neugebauer – yay
TX-24 Rep. Kenny Marchant – yay
WI-04 Rep. Gwen Moore – nay
WV-02 Rep. Shelley Moore Capito – nay
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