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HR5396Referred to Committee

Price Stability Act of 2026

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-09-16
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

J. French Hill
J. French Hill
Republican · AR · Representative
Votes with party: 97.6% (578 recorded votes)
Top industries funding sponsor:
  • Crypto & Digital Assets$3,419k

Full profile: /officials/H001072

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Byron Donalds (R-FL-19)Original· 2025-09-16
  • Marlin A. Stutzman (R-IN-3)Original· 2025-09-16

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Placed on the Union Calendar, Calendar No. 616.

2026-06-24

Source: Congress.gov

Committee Activity

Currently in

  • House Committee on Financial ServicesReported By · 2026-06-24

Previously

  • House Committee on Financial ServicesMarkup By · 2026-05-13
  • House Committee on Financial ServicesReferred To · 2025-09-16

Plain-English Summary

The legislation would establish new requirements for the Federal Reserve to prioritize price stability and control inflation as its primary goal, potentially limiting the central bank's focus on employment and economic growth. The bill would require the Fed to report regularly to Congress on its inflation-fighting efforts and could restrict certain monetary policy tools the Fed currently uses to manage the economy. This would affect everyday Americans by influencing interest rates on mortgages, savings accounts, and loans, as well as potentially impacting job creation and wage growth.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5396 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5396 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 16, 2025 Mr. Hill of Arkansas (for himself, Mr. Stutzman, and Mr. Donalds) 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Price Stability Act of 2025''. SEC. 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''. <all>
Open clean-text viewRead on Congress.gov →

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • HR4801Unleashing AI Innovation in Financial Services Act
    Referred to Committee · 2026-06-24
  • HR664421st Century ROAD to Housing Act
    Passed Both Chambers · 2026-06-23
  • HR941Small LENDER Act
    Reported by Committee · 2026-06-18
  • HR9148Scipio Jones House Assessment Act
    Referred to Committee · 2026-06-04