My response from Senator Pat Toomey about the Federal Reserve Transparency Act

Dear Ms. Kirst,

Thank you for contacting me about your support for the Federal Reserve Transparency Act of 2011 (S. 202). I appreciate hearing from you.

As you know, Senator Rand Paul (R-KY) introduced S. 202 on January 26, 2011. This measure would require a full audit of the Board of Governors of the Federal Reserve System and the Federal Reserve banks by the Comptroller General of the United States before the end of 2012. As a co-sponsor of S. 202 and someone who has been critical of some of the Federal Reserve’s actions, I value your input on ways to provide additional scrutiny on our nation’s central bank.

Currently, S. 202 is pending before the Senate Committee on Banking, Housing, and Urban Affairs, and I am hopeful that it will become law. Please be assured that I will keep your thoughts in mind as Congress continues to review this legislation.

Thank you again for your correspondence. Please do not hesitate to contact me in the future if I can be of assistance.

Sincerely,

Signature

Pat Toomey
U.S. Senator, Pennsylvania

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