Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 21.
2026-05-13
Currently in
Previously
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.