I
111th CONGRESS
2d Session
H. R. 6406
IN THE HOUSE OF REPRESENTATIVES
November 16, 2010
Mr. Pence 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.
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
.