H.R. 6406 · 111th Congress
To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve…
Full title
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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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PenceSponsor9 cosponsors · 9 R
R
Price
RB
R
Bartlett
DL
R
Lamborn
CL
R
Lummis
TM
R
McClintock
JW
R
Wilson
JC
R
Chaffetz
SG
R
Garrett
LT
R
Terry0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Federal Reserve Act to repeal the joint mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to make maximum employment one of the goals of their duty to maintain long run growth of the monetary and credit aggregates commensurate with the U.S. economy's long run potential to increase production.
What it does: CRS summary · Introduced in House · Nov 16, 2010
Amends the Federal Reserve Act to repeal the joint mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to make maximum employment one of the goals of their duty to maintain long run growth of the monetary and credit aggregates commensurate with the U.S. economy's long run potential to increase production.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 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.
Latest action (Nov 17, 2010): Sponsor introductory remarks on measure. (CR H7502)
Policy area: Economics and Public Finance · Origin: House · Introduced: Nov 16, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.