Price Stability Act of 2026

J. French Hill

Republican · AR · Representative

Source: Congress.gov · FEC

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

Placed on the Union Calendar, Calendar No. 616.

2026-06-24

Source: Congress.gov

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.

[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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