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Bill > HR2172
US HR2172
US HR2172FFOCUS Act of 2017. Focusing the Fed on the Currency of the United States Act of 2017
summary
Introduced
04/26/2017
04/26/2017
In Committee
04/26/2017
04/26/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
FFOCUS Act of 2017. Focusing the Fed on the Currency of the United States 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.
AI Summary
This bill, the Focusing the Fed on the Currency of the United States Act of 2017 or the FFOCUS Act of 2017, amends the Federal Reserve Act to remove "maximum employment" as a goal of the Federal Reserve Board's duty. The remaining goals are stable prices and moderate long-term interest rates. The bill aims to focus the Federal Reserve's (the Fed) mandate solely on maintaining stable prices and managing the currency of the United States.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Financial Services. (on 04/26/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/2172/all-info |
| BillText | https://www.congress.gov/115/bills/hr2172/BILLS-115hr2172ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr2172/BILLS-115hr2172ih.pdf.pdf |
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