H.R. 5396 Reported by committee Finance and Financial Sector

Price Stability Act of 2026

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Hill, J. French [R-AR-2] Introduced September 16, 2025 Cosponsors 2 (2 R) Latest action June 24, 2026

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. 

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jun 24, 2026 Placed on the Union Calendar, Calendar No. 616.
  2. Jun 24, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-710.
  3. May 13, 2026 Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 21.
  4. May 13, 2026 Committee Consideration and Mark-up Session Held
  5. Sep 16, 2025 Referred to the House Committee on Financial Services.
  6. Sep 16, 2025 Introduced in House

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