[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7209 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7209

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

                             March 24, 2022

 Mr. Hill (for himself and Mr. Donalds) 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. SHORT TITLE.

    This Act may be cited as the ``Price Stability Act of 2022''.

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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