US HB245 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 7 2011 - 25% progression, died in chamber
Action: 2012-05-08 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 7 2011 - 25% progression, died in chamber
Action: 2012-05-08 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]
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.
Title
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.
Sponsors
| Rep. Mike Pence [R-IN] | Rep. Nan Hayworth [R-NY] | Rep. Walter Jones [R-NC] | Rep. Tom McClintock [R-CA] |
| Rep. Benjamin Quayle [R-AZ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-08 | House | Subcommittee Hearings Held. |
| 2011-03-23 | House | Referred to the Subcommittee on Domestic Monetary Policy and Technology. |
| 2011-01-07 | House | Referred to the House Committee on Financial Services. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/245/all-info |
| Text | https://www.congress.gov/112/bills/hr245/BILLS-112hr245ih.pdf |
