Audit of Federal Reserve nearing critical mass

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Rep. Paul plan has 213 co-sponsors in 435-member U.S. House

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By Bob Unruh

© 2009 WorldNetDaily

U.S. Rep. Ron Paul, R-Texas

A plan by U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve today lacks only a handful of signatures on a list of co-sponsors to hold a majority in the U.S. House.

Officials with Paul's office have confirmed to WND there now are 213 cosponsors signed onto H.R. 1207, the Federal Reserve Transparency Act of 2009 that demands an audit of the organization.

Paul long has opposed the power held by the Federal Reserve and its ability to manipulate the nation's economy and over the years has launched multiple proposals to get rid of the quasi-governmental agency, without significant support.