HR5396Referred to Committee

Price Stability Act of 2026

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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: 97.5% (643 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.

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

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Plain-English Summary

Price Stability Act of 2026 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

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>
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