[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 245 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                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.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 2011

  Mr. Pence introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 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''.
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