FFOCUS Act of 2017.

Focusing the Fed on the Currency of the United States Act of 2017 or the FFOCUS Act of 2017

This bill amends the Federal Reserve Act to 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.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2172 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2172

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.


_______________________________________________________________________


                    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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''.

SEC. 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''.
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