And
is hopeful for a Senate vote. Reports Newsmax:
Kentucky Sen. Rand Paul tells Newsmax.TV
that “the Federal Reserve needs oversight” and expects a full vote in the U.S.
House of Representatives on legislation that would grant congressional
oversight of the independent central bank.
“We need to have checks and balances,”
the first-term Republican told Newsmax. “They are an agency that, basically,
has destroyed 96 percent of the value of our currency over the last 100 years
or so.
“We need to do something to have
congressional oversight over what they do.”
On Wednesday, the House Oversight and
Government Reform Committee voted unanimously to authorize an investigation of
the Fed to make it more accountable to lawmakers.
The measure was sponsored by Texas
Republican Rep. Ron Paul, a longtime Fed critic — and Rand’s father.
Sen. Paul introduced similar legislation
in January 2011.
“I think it will pass the full House,”
Rand Paul said of measure’s future prospects. He’s hoping for a vote this
summer.
“There are many who don’t want to have a
vote because they fear that a vote will pass. … We just have to get a vote.”
In the Senate, Paul said he’s “doing
everything I can possibly do to get a vote. But over in the Senate, it’s just
like pulling teeth just to get a vote on anything.
“I think there’s some chance I can get a
vote in the Senate…”
Source: Paulitical Ticker with Jack Hunter
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