WASHINGTON, D.C. – Congressman Brad Finstad (MN-01) joined Rep. Thomas Massie (KY-04) and 28 House Republican colleagues to cosponsor H.R. 24, the Federal Reserve Transparency Act. Known as “Audit the Fed,” this legislation would require the Government Accountability Office (GAO) to conduct a full examination of the Federal Reserve Board and the Federal Reserve banks.

“One of the fundamental responsibilities of Congress is to conduct oversight over federal agencies and programs, which includes the Federal Reserve,” said Congressman Finstad. “The Fed is ultimately responsible for determining the monetary policy that directs the world’s largest economy, and ought to be accountable to the people’s representatives. I support the Federal Reserve Transparency Act because Americans deserve transparency from the institution that is responsible for managing the nation’s money supply.”