115th CONGRESS 1st Session |
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.
April 26, 2017
Mrs. Love 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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Focusing the Fed on the Currency of the United States Act of 2017” or the “FFOCUS Act of 2017”.
SEC. 2. 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”.