[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 215 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                 S. 215

  To ensure that the Federal Reserve conducts its policies to ensure 
         long-term price stability and a low rate of inflation.


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                   IN THE SENATE OF THE UNITED STATES

                            February 4, 2013

Mr. Corker (for himself and Mr. Vitter) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To ensure that the Federal Reserve conducts its policies to ensure 
         long-term price stability and a low rate of inflation.

    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 ``Federal Reserve Single Mandate Act 
of 2013''.

SEC. 2. AMENDMENTS TO THE FEDERAL RESERVE ACT.

    Section 2A of the Federal Reserve Act (12 U.S.C. 225a) is amended--
            (1) by striking ``maximum employment, stable prices,'' and 
        inserting ``long-term price stability, a low rate of 
        inflation,''; and
            (2) by adding at the end the following: ``The Board shall 
        establish an explicit numerical definition of the term `long-
        term price stability' and shall maintain monetary policy that 
        effectively promotes such long-term price stability.''.
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