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.
USA115th CongressHR-2172| House
| Updated: 4/26/2017
Mia B. Love
Republican Representative
Utah
Cosponsors (1)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Focusing the Fed on the Currency of the United States Act of 2017 or the FFOCUS Act of 2017 This bill amends the Federal Reserve Act to remove "maximum employment" as a goal of the Federal Reserve Board's duty to maintain long-run growth. The other goals, under current law, are stable prices and moderate long-term interest rates.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Economics and Public Finance
Inflation and pricesMonetary policyUnemployment
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.
USA115th CongressHR-2172| House
| Updated: 4/26/2017
Focusing the Fed on the Currency of the United States Act of 2017 or the FFOCUS Act of 2017 This bill amends the Federal Reserve Act to remove "maximum employment" as a goal of the Federal Reserve Board's duty to maintain long-run growth. The other goals, under current law, are stable prices and moderate long-term interest rates.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Mia B. Love
Republican Representative
Utah
Cosponsors (1)
Financial Services Committee
Economics and Public Finance
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Inflation and pricesMonetary policyUnemployment