Reply To: Federal Reserve Audit

#18627
jmherbener
Participant

Here is the text of HR 1207 in the 111th Congress:

https://www.opencongress.org/bill/hr1207-111/text

Threat of the passage of HR 1207 led to the legal change you cite. It seems reasonable to conclude that the audit the fed bill would go further. For example, it stipulates the Federal Reserve District Banks also be audited. Moreover, it pits the Comptroller of the Currency against the Fed as a check on the Fed.