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Daines Helps Reintroduce "Audit the Fed"

Press Release

Date: Nov. 5, 2015
Location: Washington, DC
Issues: Finance and Banking

Senator Steve Daines today helped reintroduce the Federal Reserve Transparency Act of 2015, widely known as "Audit the Fed."

The bill eliminates restrictions on Government Accountability Office audits of the Federal Reserve and mandates that the Federal Reserve's credit facilities, securities purchases, and quantitative easing activities be subject to congressional oversight.

"The Federal Reserve System was established one hundred years ago with the intent of managing our country's money supply for greater financial stability. We need to conduct a serious review of our nation's monetary policy with a view of returning to normalcy," Daines stated. "We must have an open and honest dialogue on the monetary issues facing our nation and ensure that the Fed is transparent and accountable. It's time to Audit the Fed."

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