{"database": "press", "table": "releases", "rows": [["https://www.paul.senate.gov/news-dr-rand-paul-introduce-audit-fed-amendment-senate-banking-bill/", "Dr. Rand Paul to Introduce \u2018Audit the Fed\u2019 as Amendment to Senate Banking Bill", "2018-03-05", "2018", "2018-03", "Republican", "Senate", "KY", "Rand Paul", "P000603", "www.paul.senate.gov", "paul", "https://www.paul.senate.gov/news/", "scraper", "FOR IMMEDIATE RELEASE:\n\nMarch 5, 2018\n\nContact: Press@paul.senate.gov, 202-224-4343\n\nDr. Rand Paul to Introduce \u2018Audit the Fed\u2019 as Amendment to Senate Banking Bill\n\nWASHINGTON, D.C. \u2013 With the U.S. Senate expected to vote on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, this week, U.S. Senator Rand Paul (R-KY) today announced he will introduce his \u201cAudit the Fed\u201d bill, which would authorize the first-ever thorough audit of the Federal Reserve System, as an amendment to the financial reform legislation.\n\n\u201cWhile we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It\u2019s time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed\u2019s veil of secrecy. It\u2019s time for us to pass Audit the Fed,\u201d said Dr. Paul.\n\nIn January 2017, Dr. Paul reintroduced the Federal Reserve Transparency Act (S. 16), widely known as \u201cAudit the Fed,\u201d to prevent the Federal Reserve from concealing vital information on its operations from Congress. A year earlier, a bipartisan Senate majority voted 53-44 in support of Audit the Fed, falling just short of invoking cloture.\n\nAudit the Fed would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve\u2019s Board of Governors and reserve banks within one year of the bill\u2019s passage and to report back to Congress within 90 days of completing the audit.\n\nThe legislation would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:\n\ntransactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;\n\ndeliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;\n\ntransactions made under the direction of the Federal Open Market Committee; or", 1, "2026-03-30T01:40:41Z", "2026-06-27T22:52:55Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.paul.senate.gov/news-dr-rand-paul-introduce-audit-fed-amendment-senate-banking-bill/"], "units": {}, "query_ms": 1.186444889754057, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}