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Roskam Praises House Passage of Legislation to Audit the Fed


Location: Washington, DC

Today, Congressman Peter Roskam (IL-06) released the following statement after House passage of H.R. 3189, the Fed Oversight Reform and Modernization (FORM) Act, legislation to increase transparency and accountability at the Federal Reserve:

"Since its creation over 100 years ago, the Federal Reserve's power over the U.S. economy has dramatically increased. That's why the House acted today to put in place long overdue reforms to strengthen transparency and accountability at our nation's central bank. ‎This legislation will require the Fed to adopt a monetary policy strategy that serves the American people rather than government bureaucrats. In addition, it enables the Government Accountability Office to more easily audit the bank--another critical and overdue reform necessary to rein in this institution."

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