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S. 215 113th Congress Senate

Federal Reserve Single Mandate Act of 2013

Official title: A bill to ensure that the Federal Reserve conducts its policies to ensure long-term price stability and a low rate of inflation.

Introduced: February 4, 2013 See on congress.gov
Economics and Public Finance Federal Reserve SystemInflation and pricesMonetary policyUnemployment
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Feb 4, 2013
Sponsor introductory remarks on measure. (CR S471-472)
Feb 4, 2013
Introduced in Senate
Feb 4, 2013
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 Latest action February 4, 2013

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Federal Reserve Single Mandate Act of 2013 - Amends the Federal Reserve Act to eliminate maximum employment and stable prices as goals for the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to promote in maintaining long run growth of monetary and credit aggregates. Replaces such goals with long-term price stability and a low rate of inflation. (Retains the current third goal of moderate long-term interest rates.)

Requires the Board to: (1) establish an explicit numerical definition of the term "long-term price stability," and (2) maintain monetary policy that effectively promotes such long-term price stability.


 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 215: Federal Reserve Single Mandate Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-S-215/
MLA
"S. 215: Federal Reserve Single Mandate Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-215/.
Bluebook (legal)
S. 215, 113th Cong. (2026), https://openamerica.io/bill/113-S-215/.
Markdown link
[S. 215: Federal Reserve Single Mandate Act of 2013](https://openamerica.io/bill/113-S-215/)
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