Sen. Rand Paul Proposes Fed Audit as Regional Bank Bailout Hits $141 Billion

Legislation offered by Sen. Rand Paul (R-Ky.), the “Federal Reserve Transparency Act of 2024,” would conduct an audit of the U.S. Federal Reserve by the Government Accountability Office (GAO) for the first time since the Dodd-Frank legislation of 2010 required an audit of the central bank’s purchases of mortgage-backed securities.

This time around, the GAO would look at the Fed’s entire balance sheet, including the recently enacted Bank Term Funding Program — now $141 billion according to the central bank’s latest H.4.1. release — that has been lending banks money in exchange for U.S. Treasuries after the spike in interest rates caused there to be a reported $620 billion of unreported losses including regional banks that experienced failures in the interest rate crunch.

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Commentary: As Planned Parenthood’s Abortion Market Share Goes Up, So Does Its Taxpayer Funding

To borrow from an old saying, nothing can be certain except for death and taxpayer funding for the abortion industry. At the request of pro-life members of Congress, the Government Accountability Office released the latest round of data detailing how much taxpayer funding goes to Planned Parenthood and other international abortion organizations. From 2019 through 2021, Planned Parenthood in the U.S. received $1.7 billion in taxpayer subsidies.

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House Republicans Seek Probe of Chinese Communist Party Investment in US Visa Program

The top Republican on the House Judiciary Committee is asking the Government Accountability Office to review whether members of the Chinese Communist Party have exploited a program that allows foreigners to obtain green cards by investing in businesses in the United States.

Reps. Jim Jordan and Guy Reschenthaler sent a letter Monday to Gene Dodaro, the comptroller general of the Government Accountability Office, inquiring whether the Chinese Communist Party (CCP) and its members have used the EB-5 program to gain a foothold in the United States.

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PROOF: Trio of Project Veritas Videos Expose Unaccountable Federal Government Employees Pushing a Soclialist Agenda From Within the Administrative State

James O'Keefe

By Natalia Castro   When federal bureaucrats are unaccountable to even their own managers, it can be hard to identify and correct abuse within the system. In his most recent undercover expose, James O’Keefe sought to uncover the stories of the federal government’s worst employees directly from the source. This week,…

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