Summary

H.R. 245: 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... Read More

Status

This bill was introduced on Jan 7, 2011, in a previous session of Congress, but was not passed.

Bill Text

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.

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

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''. <all>

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Bill Summary

H.R. 245: 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.

H.R. 244 Protecting Jobs in Your State Act of 2011 H.R. 246 To repeal the provision of law that provides for automatic pay adjust...