Congressman Ron Paul’s H.R. 459, the Audit the Fed bill, has passed the House by a vote of 327-98 – a veto-proof majority.

Now we call upon the Senate to take up S. 202, as we look to turn this long-overdue, common-sense audit into law.

Help us by contacting your senators today in support of S. 202!

If you haven’t yet contacted Congress to urge your representative to support this historic legislation, please do so right away!

The bill will be brought up under suspension of the rules, meaning we need a two-thirds majority for victory.

No vote can be taken for granted, so please call Congress immediately!

The bill will be brought up under suspension of the rules, meaning there will be NO amendments.

But to pass, the bill needs a two-thirds majority.

So be sure to contact your representative right away through the Capitol Hill switchboard at (202)224-3121.

Urge them to vote “YES” on H.R. 459 and to ask their colleagues to join them in doing so!

Read the press release here.

Read the report here.

Dear Friend of Liberty,

This week, the Federal Reserve released some of the details on its emergency lending programs.

Instead of full disclosure, however, we have just received another reminder of why we must keep fighting to thoroughly audit the Fed.

According to the Fed’s documents, in addition to trillions of dollars loaned to Wall Street firms, it also made trillions in loans to foreign central banks and even billions to companies including Harley-Davidson.

This release is just a small glimpse into what the Fed does everyday – devalue our money, create moral hazard, and put taxpayers on the hook.  And we can only speculate on how much the Fed isn’t telling us, including information on individual securities that were pledged as collateral for over $800 billion in loans.

Let’s be clear – even this little insight would never have been possible without C4L members taking action.

So just imagine what we can do if we turn up the pressure!

Congressman Paul will reintroduce his Audit the Fed bill in the 112th Congress, and C4L is ready to fight to ensure its passage.

It’s time to permanently end the Fed’s shroud of secrecy.  The American people should not have to wait years to find out what deals they’re being committed to – if they ever find out at all.

Unlike Washington’s most secretive institution, however, C4L can’t simply print money to finance its operations.  We can only take as much action as your support allows.

If you are able, please chip in $10 today to help us thoroughly Audit – and ultimately End – the Federal Reserve.

We’ve come so far in the battle for transparency, but there is still a long way to go.

Together, let’s finish this fight.

In Liberty,

John Tate

President

P.S.  We’ve got the Fed on the run, and we can’t afford to back down now.  Please chip in $10 today so C4L can continue our push to completely Audit the Fed and restore sound money.

A federal appeals court declined to reconsider its March ruling that the Federal Reserve must disclose documents regarding borrowing from its discount window and other “last resort” lending programs.

Their next move could be appealing to the Supreme Court.  Stay tuned.

Eighty percent (80%) of Americans now agree with Congress that auditing the Federal Reserve Board is a good idea, according to a new Rasmussen Reports national telephone survey.

Read the rest here.

Senators demanded Tuesday to be let in on what they called the most secretive, powerful federal agency in existence, voting overwhelmingly to audit the loans and deals the Federal Reserve made over the past three years but stopping short of demanding a full review of the Fed’s future monetary policy.

What the Sanders amendment really called for was a mere one-time disclosure of some emergency lending powers used by the Federal Reserve during the most recent fiscal crisis, not an audit.

While this disclosure is small step in the right direction, it does not go far enough in ensuring a proper check on the use of power by the Federal Reserve.

The Audit the Fed coalition will continue to advance a thorough, genuine audit of the Federal Reserve.

What Sanders is now proposing is essentially the Watt amendment the Audit the Fed Coalition opposed last year in the House.

Talking Points Memo reports that, “In order to allay some of the White House’s and the Fed’s concerns, Sanders has agreed to limit the scope of what the Government Accountability Office would be allowed to audit–but his plan will still require thorough review of all the Fed’s emergency lending, beginning December 1, 2007.”

Call Senator Sanders’ office at (202) 224-5141 and tell him how you feel about this last-minute compromise.

Click here for contact information for your senators and urge them to oppose this compromise.   Tell them it’s time to support a standalone vote on S. 604, Audit the Fed.

A vote could come even late tonight or early tomorrow.  Let your senators know where you stand right away. 

The American people deserve a full, thorough audit.