Statement by Senator John McCain on Voting In Support of "Audit The Fed" Bill

Statement

U.S. Senator John McCain (R-AZ) released the following statement today on voting to advance the "Audit the Fed" bill that would subject the Federal Reserve to a comprehensive audit and enhanced congressional oversight:

"Today I voted in support of a bill to audit the Federal Reserve so that the American people have greater transparency and accountability into how the Fed creates monetary policy. This bill would mandate much-needed congressional oversight of the Federal Reserve by removing legal barriers that have prevented the nonpartisan Government Accountability Office from fully auditing the Fed. It would also help prevent these central bankers, whose deliberations are kept completely secret from the public, from creating economic booms and busts. Unfortunately, Democrats in Congress have acted to maintain the status quo and keep the Fed's policy decisions about the trillions of American tax dollars it controls secret by preventing this bill from moving forward. I will continue working with my colleagues to move this commonsense proposal forward and protect the American people who are directly impacted by the Fed's policies and decisions."

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