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”.
Focusing the Fed on the Currency of the United States Act of 2017
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.
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”.