H.R. 492 — Introduced in House

I 113th CONGRESS 1st Session H. R. 492 IN THE HOUSE OF REPRESENTATIVES February 4, 2013 Mr. Stutzman (for himself, Mr. Mulvaney, Mr. McClintock, Mr. Westmoreland, Mr. Thornberry, Mr. Nugent, Mr. Woodall, Mr. Pearce, and Mr. Young of Indiana) 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 2013 or the FFOCUS Act of 2013. 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.