HR 245
112th 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: January 7, 2011
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2012
Subcommittee Hearings Held.
Mar 23, 2011
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Jan 7, 2011
Referred to the House Committee on Financial Services.
Jan 7, 2011
Introduced in House
Plain-English summary
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
Subcommittee Hearings Held.
Committees of jurisdiction
2
Cosponsors
1