[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 492 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 492

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

                            February 4, 2013

     Mr. Stutzman (for himself, Mr. Mulvaney, Mr. McClintock, Mr. 
Westmoreland, Mr. Thornberry, Mr. Nugent, Mr. Woodall, Mr. Pearce, and 
Mr. Young of Indiana) 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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Focusing the Fed on the Currency of 
the United States Act of 2013'' or the ``FFOCUS Act of 2013''.

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''.
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