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HR 6406 111th Congress House Economics and Public Finance Inflation and prices Monetary policy Unemployment

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.

Introduced: December 7, 2010 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 17, 2010
Sponsor introductory remarks on measure. (CR H7502)
Nov 16, 2010
Referred to the House Committee on Financial Services.
Nov 16, 2010
Introduced in House
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 Plain-English summary Congressional Research Service

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's happening now November 17, 2010

Sponsor introductory remarks on measure. (CR H7502)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 3
Chaffetz, Jason
· Dec 7, 2010
 R
Lummis, Cynthia M.
Wyoming · Dec 1, 2010
 R
McClintock, Tom
California · Dec 1, 2010
 R
Wilson, Joe
South Carolina · Dec 1, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6406: 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.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-6406/
MLA
"H.R. 6406: 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.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-6406/.
Bluebook (legal)
H.R. 6406, 111th Cong. (2026), https://openamerica.io/bill/111-HR-6406/.
Markdown link
[H.R. 6406: 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.](https://openamerica.io/bill/111-HR-6406/)
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