Congress is going to take money out of the pockets of hard working Americans, the funds should be used in a transparent and responsible way. In the age of multi-billion dollar bailouts, accountability becomes particularly important. Following the 2008 financial collapse, the Federal Reserve System gave out over a trillion dollars in discounted loans to private corporations and foreign banks without being subject to any audit by the American people.
As a Congressman, I will co-sponsor a bill which will ensure a regular and complete audit of the Federal Reserve System’s use of public money. These audits will help protect the taxpayer from the cozy relationship between big government and big business.
