H.R. 6406 (111th): To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment.

The text of the bill below is as of Nov 16, 2010 (Introduced).

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Source: GPO

I

111th CONGRESS

2d Session

H. R. 6406

IN THE HOUSE OF REPRESENTATIVES

November 16, 2010

introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment.

1.

Removal of dual mandate

Section 2A of the Federal Reserve Act (12 U.S.C. 225a) is amended by striking maximum employment, stable prices, and inserting stable prices.