118th Congress · HOUSE BILLBILL

H.R. 6117 — Price Stability Act of 2023

“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.”

Finance and financial sector

Introduced Oct 30, 2023

Last action Nov 13, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 30, 2023

Step 2

Referred

Oct 30, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill removes maximum employment as a goal of the monetary policy set by the Board of Governors of the Federal Reserve System and the Federal Open Market Committee.

Provisions · 2 sectionsIntroduced in House

Timeline · 3 actions

Nov 13, 2023

Sponsor introductory remarks on measure.

Oct 30, 2023

Introduced in House

Oct 30, 2023

Referred to the House Committee on Financial Services.