FFOCUS Act of 2017.

Bill: 115-hr-2172
Sponsor: full_name: Rep. Love, Mia B. [R-UT-4]
Introduced: 2017-04-26
Policy area: Economics and Public Finance
Subjects: Finance and Financial Sector

Inflation and prices

Monetary policy

Unemployment
Latest action: action_date: 2017-04-26
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-04-26
action_desc: Introduced in House
text: <p><b>Focusing the Fed on the Currency of the United States Act of 2017 or the FFOCUS Act of 2017</b></p> <p>This bill amends the Federal Reserve Act to&nbsp;remove "maximum employment" as a goal of the Federal Reserve Board's duty to maintain long-run growth. The other goals, under current law, are stable prices and moderate long-term interest rates.</p> <UL> <BR> </UL>

tv_txt: I 115th CONGRESS 1st Session H. R. 2172 IN THE HOUSE OF REPRESENTATIVES April 26, 2017 Mrs. Love introduced the following bill; which was referred to the Committee on Financial Services A BILL 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.

1. Short title This Act may be cited as the Focusing the Fed on the Currency of the United States Act of 2017 or the FFOCUS Act of 2017 . 2. Removal of dual mandate Section 2A of the Federal Reserve Act ( 12 U.S.C. 225a ) is amended by striking maximum employment, stable prices, and inserting stable prices .