HR 6406 IHCommentsClose CommentsPermalink

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.CommentsClose CommentsPermalink

November 16, 2010CommentsClose CommentsPermalink

Mr. PENCE introduced the following bill; which was referred to the Committee on Financial ServicesCommentsClose CommentsPermalink

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.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 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’.CommentsClose CommentsPermalink