United States · Bill · HR
H.R. 245 (112th)
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
7 January 2011
Last action
—
Status
Subcommittee Hearings Held.
Sponsors
—
Subjects
Discovery layer
Source updated
7 April 2025
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.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 7 January 2011
Introduced in House (PDF)
Introduced in House · EN · 7 January 2011
Introduced in House
summary · EN · 7 January 2011
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/112th-congress/house-bill/245
- Open data entity: https://api.congress.gov/v3/bill/112/hr/245