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Letter to Mark Bialek, Inspecteor General, Board of Governors of the Federal Reserve System - Fed Lobbying Activities

Letter

By: Rand Paul
By: Rand Paul
Date: Nov. 10, 2015
Location: Washington, DC
Issues: Government Operations

Dear Inspector General Bialek,

I am troubled that the Board of Governors, as well as Board members and employees, appear to be lobbying Congress and the public against legislation pending before Congress to bring greater transparency and accountability to the Federal Reserve. The Federal Reserve, as an entity of the government and operating under authority granted by Congress, should not use its funds to lobby members of Congress or influence Congress's efforts to create a more transparent and fundamentally sound monetary policy.

I request your office investigate whether the Board, any Board members, or Board employees have engaged in improper or illegal lobbying, as well as respond to the following questions:

1. How much does the Federal Reserve spend on public relations?

2. How much does the Federal Reserve spend on lobbying Congress?

3. How much does the Federal Reserve spend on conferences, travel, or
other entertainment?


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