H.R. 245 (112th): 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.

112th Congress, 2011–2013. Text as of Jan 07, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

1st Session

H. R. 245

IN THE HOUSE OF REPRESENTATIVES

January 7, 2011

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.