114 Democrats retract support for Auditing the Fed

July 4, 2010

The so-called Wall Street Reform and Consumer Protection Act was approved by the US Congress on Thursday. Not included was Ron Paul’s proposal to audit the Federal Reserve, which had at one point been part of the bill, but was later removed. The Republicans had made a motion to recommit this provision, but that had failed earlier in the week by a vote of 220 to 198. This included 114 Democrats who had originally cosponsored the Fed audit, but switched their votes at the last minute. Below, Ron Paul explains what happened.

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