“Effort to expand audits of Fed picks up steam in Senate”

S. AMDT 3738, an amendment with strong similarities to S. 604 “Audit the Fed” is getting a lot of traction in the Senate.   The Washington Post reports:

A contentious effort to expand audits of the Federal Reserve that sailed through the House despite heavy criticism appears to be picking up steam as the Senate considers broad new financial regulations.

Sen. Bernard Sanders (I-Vt.) is pushing an amendment to the financial overhaul bill before the Senate that would broaden the Government Accountability Office’s power to audit the Fed and compel the central bank to disclose details about the firms that received emergency federal aid during the financial crisis.

Read the rest here.

Now is the best time to push for a full, complete audit of the Federal Reserve.  Contact your senators and urge them to support S 604.  When the vote comes up on Chris Dodd’s S. 3217, ask them to support the Audit amendment.