pegasus
Mecca V.I.P.
VIP
- Joined
- Jul 13, 2006
- Messages
- 484
- Points
- 18
Lawmakers impose a Fed audit in two years
A series of measures introduced by Rep. Michael Burgess, R-Texas, were also approved by the House, including a provision that would require the Government Accountability Office to conduct an audit of the Federal Reserve's monetary policy as well as how much the central bank has lent and will lend to specific banks within two years of when the legislation was approved. The House Financial Services Committee in November approved a Fed audit bill introduced by Rep. Ron Paul, R-Texas., but set no deadline for when the GAO must act.
http://www.marketwatch.com/story/house-begins-to-vote-on-sweeping-bank-reform-2009-12-11