Union Calendar No. 616
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119th CONGRESS
2d Session |
[Report No. 119–710]
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.
Mr. Hill of Arkansas (for himself, Mr. Stutzman, and Mr. Donalds) introduced the following bill; which was referred to the Committee on Financial Services
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on September 16, 2025]
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,
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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Union Calendar No. 616 |
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[Report No. 119–710]
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A BILL
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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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June 24, 2026
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Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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