Sen. Rand Paul said on Tuesday that he plans to place a hold on Janet Yellen’s nomination to be Federal Reserve chair to try and force a vote on a bill he argues would increase transparency at the central bank. 
 
 Paul has been hinting for weeks he would make the move and on Tuesday the Kentucky Republican confirmed he will take this step absent a vote on the Audit the Fed bill first championed by his father — former Rep. Ron Paul (R-Texas) 
 
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 reset Paul open to Yellen filibuster 
 
 “I don’t think technically you can file a hold until she comes out of committee — but we’re putting people on notice that we will,” Paul told POLITICO. 
 
 (WATCH: 7 defining quotes from Rand Paul) 
 
 The Senate Banking Committee is considering holding a hearing on Yellen’s nomination on Nov. 14. After that is done, the committee would need to vote to approve the nomination. 
 
 Paul wrote Senate Majority Leader Harry Reid (D-Nev.) late Thursday to inform him of his plans. 
 
 “As the Senate debates the nomination of the next head of the Federal Reserve, there is no more appropriate time to provide Congress with additional oversight and scrutiny of the actions and decisions of the central bank,” Paul wrote. 
 
 Yellen, currently the Fed’s vice chair, is expected to be confirmed, but Paul’s hold could complicate the process if Republicans decide to rally around a call for a vote on his legislation. In order to get around a hold, 60 votes would be needed. 
 
 A version of the bill passed the House last year on a 327-98 vote. 
 
 The bill would authorize the Government Accountability Office to audit how the central bank implements monetary policy. 
 
 Federal Reserve officials, including current Chairman Ben Bernanke, oppose the bill, arguing it would threaten the central bank’s independence by adding a new dimension of political pressure to its monetary policy decisions. 
 
 “We’d lift it if we can get a vote,” Paul said of the hold. “We’ve been waiting two years on a vote on the Audit the Fed Bill. It passed overwhelmingly in the House and we’d be happy to lift the hold if we do get a vote.” 
 
 Democrats have dismissed Paul’s plan arguing the procedural hurdle can easily be overcome and that even if he succeeds in delaying the vote, Yellen will likely become the Fed’s acting chair once Bernanke departs. 
 
 “This doesn’t seem very well thought out, as anything but a publicity stunt,” said a Senate Democratic aide. 
 
 Last week, Paul’s office had said they had alerted Senate leadership they were considering placing a hold but that they “weren’t there yet.” 
 
 Yellen was nominated earlier this month to replace Bernanke, whose term ends Jan. 31. ||||| MSNBC host Rachel Maddow says she has uncovered a second speech in which Sen. Rand Paul took material from Wikipedia to describe a movie. 
 
 On Monday, Maddow compared Paul’s speech that day at Liberty University to the Wikipedia entry on “Gattaca” and found several nearly verbatim passages. On her show on Tuesday night, she pointed to a March 19 speech that Paul gave at the U.S. Hispanic Chamber of Commerce in which he talked about the movie “Stand and Deliver.” 
 
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 reset Maddow's 1st Wiki accusation 
 
 “In the area of East L.A., in 1982, in an environment that values a quick fix on education over learning, Escalante was a new math teacher at Garfield High School,” Paul said. 
 
 Wikipedia reads: “In the area of East Los Angeles, California, in 1982, in an environment that values a quick fix over education and learning, Jaime ‘Kemo’ Escalante is a new teacher at Garfield High School.” 
 
 “As the year progressed, he was able to win over the attention of students by implementing innovative teaching techniques. He transformed even some of the most troublesome teens into dedicated students,” Paul continued. 
 
 That compares to Wikipedia: “As the year progresses, he is able to win over the attention of the students by implementing innovative teaching techniques. He is able to transform even the most troublesome teens into dedicated students.” 
 
 “While Escalante was teaching basic arithmetic and algebra, he realized his students had far greater potential. He decided to teach them calculus,” Paul said. 
 
 From Wikipedia: “While Escalante teaches basic arithmetic and elementary and intermediate algebra, he realizes that his students have far more potential. He decides to teach them calculus.” 
 
 “Despite concerns and skepticism of other teachers who said, ‘You can’t teach logarithms to illiterates,’ Escalante nonetheless develops a program in which his students can eventually take AP calculus in their senior year,” Paul said. 
 
 Wikipedia: “Despite concerns and skepticism of other teachers, who feel that ‘you can’t teach logarithms to illiterates,’ Escalante nonetheless develops a program in which his students can eventually take Advanced Placement Calculus by their senior year.” 
 
 Maddow found the March 19 speech video after Buzzfeed reported on a similar reference to “Stand and Deliver” in a June 12 speech Paul gave at in immigration forum. 
 
 The Wikipedia entry was edited on Tuesday to add Paul’s recitation in both speeches. 
 
 Paul’s office did not respond to media requests for comment about Monday’s speech, and did not respond to requests for comment on the new allegations early Wednesday.
– Rand Paul says he plans to "delay" Janet Yellen's nomination for Federal Reserve chair, until there's a vote on his Audit the Fed bill, Politico reports. "I don’t think technically you can file a hold until she comes out of committee—but we’re putting people on notice that we will," he says, confirming reports swirling Friday. "We’ve been waiting two years on a vote on the Audit the Fed bill. ... and we’d be happy to lift the hold if we do get a vote." Democrats say it's a pretty pointless publicity stunt—the hold could be overturned with a vote, and even if he was successful, Yellen would likely become acting chair once Bernanke is gone, anyway. In other Rand Paul related news, Rachel Maddow says she's uncovered another speech the Republican senator appears to have cribbed from Wikipedia. In a March 19 speech, Paul discussed the movie Stand and Deliver, using words that are very, very similar to those in the online encyclopedia, Politico reports. Here's a comparison: Paul: "In the area of East LA, in 1982, in an environment that values a quick fix on education over learning, Escalante was a new math teacher at Garfield High School." Wikipedia: "In the area of East Los Angeles, California, in 1982, in an environment that values a quick fix over education and learning, Jaime 'Kemo' Escalante is a new teacher at Garfield High School."