diff --git a/moto/iam/responses.py b/moto/iam/responses.py
index 3a829676..8eb1730e 100644
--- a/moto/iam/responses.py
+++ b/moto/iam/responses.py
@@ -2423,9 +2423,7 @@ GET_ACCOUNT_PASSWORD_POLICY_TEMPLATE = """<GetAccountPasswordPolicyResponse xmln
     <PasswordPolicy>
       <AllowUsersToChangePassword>{{ password_policy.allow_users_to_change_password | lower }}</AllowUsersToChangePassword>
       <ExpirePasswords>{{ password_policy.expire_passwords | lower }}</ExpirePasswords>
-      {% if password_policy.hard_expiry %}
       <HardExpiry>{{ password_policy.hard_expiry | lower }}</HardExpiry>
-      {% endif %}
       {% if password_policy.max_password_age %}
       <MaxPasswordAge>{{ password_policy.max_password_age }}</MaxPasswordAge>
       {% endif %}
diff --git a/tests/test_iam/test_iam.py b/tests/test_iam/test_iam.py
index a749a37e..4ae5ad49 100644
--- a/tests/test_iam/test_iam.py
+++ b/tests/test_iam/test_iam.py
@@ -2608,6 +2608,7 @@ def test_update_account_password_policy():
             "RequireNumbers": False,
             "RequireSymbols": False,
             "RequireUppercaseCharacters": False,
+            "HardExpiry": False,
         }
     )