I 111th CONGRESS 2d Session H. R. 6406 IN THE HOUSE OF REPRESENTATIVES November 16, 2010 Mr. Pence 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.