Price Stability Act of 2023

Bill: 118-hr-6117
Sponsor: full_name: Rep. Hill, J. French [R-AR-2]
Introduced: 2023-10-30
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-11-13
text: Sponsor introductory remarks on measure. (CR H5726-5727)

Summaries:
action_date: 2023-10-30
action_desc: Introduced in House
text: <p><strong>Price Stability Act of 2023 </strong></p><p>This bill removes maximum employment as a goal of the monetary policy set by the Board of Governors of the Federal Reserve System and the Federal Open Market Committee.</p><p>&nbsp;</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 6117 IN THE HOUSE OF REPRESENTATIVES October 30, 2023 Mr. Hill (for himself and Mr. Donalds ) 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 Price Stability Act of 2023 . 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 .