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 PaulHouse bill set to reignite debate on warrantless surveillance Authorizing military force is necessary, but insufficient GOP feuds with outside group over analysis of tax framework 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 McConnellGun proposal picks up GOP support Children’s health-care bill faces new obstacles Dems see Trump as potential ally on gun reform 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 CruzWhatever you think the Alabama special election means, you’re probably wrong This week: Congress gets ball rolling on tax reform Week ahead: Senators work toward deal to fix ObamaCare markets MORE (R- Texas) and Marco RubioMarco Antonio RubioOvernight Defense: Tillerson, Trump deny report of rift | Tillerson says he never considered resigning | Trump expresses 'total confidence' in secretary | Rubio asks Army to kick out West Point grad Rubio asks Army to kick out West Point grad with pro-communist posts GOP establishment doubts Bannon’s primary powers 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