Senate sets up vote in January on Rand Paul's 'Audit the Fed' bill
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The Senate is heading toward a battle over Sen. Rand PaulRandal (Rand) Howard PaulNSA spying program overcomes key Senate hurdle Fix what we’ve got and make Medicare right this year Despite amnesty, DACA bill favors American wage-earners MORE's (R-Ky.) "Audit the Fed" legislation, giving the GOP presidential candidate a long-desired floor fight. 
 
Sen. David Perdue (R-Ga.) — who said he was acting on behalf of Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellSessions: 'We should be like Canada' in how we take in immigrants NSA spying program overcomes key Senate hurdle Overnight Finance: Lawmakers see shutdown odds rising | Trump calls for looser rules for bank loans | Consumer bureau moves to revise payday lending rule | Trump warns China on trade deficit MORE (R-Ky.) — set up a procedural vote on Paul's legislation for Tuesday, Jan. 12, the same day as President Obama's final State of the Union address. 

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"The Fed operating under a cloak of secrecy has gone on for far too long," Paul said in a statement after Republicans set up the vote. "The American people have a right to know exactly how Washington is spending their money. The time to act is now."
The proposal would increase congressional oversight of the Federal Reserve, as well as subject the central bank to an audit by the Government Accountability Office.  
 
The Senate originally fast-tracked the legislation to the Senate calendar, teeing it up for potential floor action earlier this month, with Paul's office pledging that it would come up for a vote soon.
 
Paul will need the support of 60 senators to overcome an initial procedural hurdle once the Senate returns. So far, 24 Republican senators — including presidential contenders Sens. Ted CruzRafael (Ted) Edward CruzWith religious liberty memo, Trump made America free to be faithful again Interstate compacts aren't the right way to fix occupational licensing laws Texas Dem: ‘I don’t know what to believe’ about what Trump wants for wall MORE (R- Texas) and Marco RubioMarco Antonio RubioOvernight Cybersecurity: Bipartisan bill aims to deter election interference | Russian hackers target Senate | House Intel panel subpoenas Bannon | DHS giving 'active defense' cyber tools to private sector Senators unveil bipartisan push to deter future election interference Puerto Rico's children need recovery funds MORE (R-Fla.) — have officially signed on to the bill. 
 
Paul introduced similar legislation earlier this year, but that stalled in the Senate Banking Committee where Sen. Richard Shelby (R-Ala.), who chairs the committee, voiced opposition