Federal Reserve Chairman Ben Bernanke is taking some tough questions as always, but few are that interesting or have any real implications behind them. Recently, however, H.R. 459 has come into the picture.
Otherwise known as the Federal Reserve Transparency Act of 2011, this bill directs the Comptroller General to complete, before the end of 2012, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress. The bill is sponsored by of course the most consistent critic of the Fed, Ron Paul.
Bernanke expresses his opinion of the bill here, and claims that while he believes the majority of it is acceptable, he takes a couple of exceptions.