Eight co-sponsors of ‘audit the Fed’ bill vote against it without explanation

Posted on July 27, 2012


Excerpted from THE DAILY CALLER: The House of Representatives approved Texas Republican Rep. Ron Paul’s “Federal Reserve Transparency Act of 2012″ by a wide margin in a 327-98 vote Wednesday. But lost in the bipartisan revelry was the fact that eight co-sponsors of the legislation actually voted against it.

Spokesmen for each of these congressmen were contacted by The Daily Caller on Thursday, and none were keen on providing an explanation.

The bill would allow the Government Accountability Office to conduct a thorough audit of the Federal Reserve System, tremendously increasing transparency and accountability, in theory.

All House Republicans voted in favor of the bill, except for New York Rep. Bob Turner. Ninety-seven Democrats — notably including the party’s House leadership — voted against the bill, and 89 Democrats voted in favor.

The eight co-sponsors, all Democrats, that voted against their own legislation not only sponsored the 2012 bill, but each also co-sponsored its 2009 incarnation.

A spokesman for California Democratic Rep. Pete Stark merely informed TheDC, “He did not release a statement,” and declined to explain his about-face.

Spokesmen for the other seven flip-floppers — Lynn Woolsey of California, John Conyers of Michigan, Maurice Hinchey of New York, Jim McDermott of Washington, Marcy Kaptur of Ohio, Steven Rothman of New Jersey and Silvestre Reyes of Texas — did not respond at all.

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Posted in: Economy, Politics, US News