H. R. 492
IN THE HOUSE OF REPRESENTATIVES
February 4, 2013
Mr. Stutzman (for himself, Mr. Mulvaney, Mr. McClintock, Mr. Westmoreland, Mr. Thornberry, Mr. Nugent, Mr. Woodall, Mr. Pearce, and Mr. Young of Indiana) introduced the following bill; which was referred to the Committee on Financial Services
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.
This Act may be cited as the
Focusing the Fed on the Currency of the United States Act of 2013 or the
FFOCUS Act of 2013.
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