Sen. Rand Paul (R-Ky.) is mulling attaching his Audit the Fed legislation to a vote to raise the debt ceiling, Paul spokesman Brian Darling told The Hill.
Darling said that Paul, who is considering a 2016 presidential campaign, fully expects to get a vote on the measure in the Senate this year and that “there are numerous options to get a bill passed by itself or combined with other legislation.”
“The strategy going forward will be to use regular order,” Darling told The Hill. “If regular order does not work, Audit the Fed would be a great amendment to a debt-limit increase or any other piece of must pass legislation that hits the Senate floor.”
The move is a clear signal of how serious Paul is about getting a vote on the legislation that has garnered political blowback from top Fed officials. The proposal allows for increased congressional oversight at the central bank.
Fed Chairwoman Janet Yellen and other top Fed officials have maintained for years that the bill would undermine the central bank’s independence and politicize its actions.