Price Stability Act of 2026
HR 5396, the Price Stability Act of 2025, amends the Federal Reserve Act by removing "maximum employment" from the Fed's statutory mandate, leaving "stable prices" as the sole policy goal. This change directly affects the Federal Reserve's legal framework for conducting monetary policy. The bill modifies the language in Section 2A of the Federal Reserve Act (12 U.S.C. 225a) without creating new programs or impacting specific groups or industries. It is a procedural adjustment to the Fed's founding law.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2025
Committee Review
Floor Vote
President
Introduced Sep 16, 2025
Last action Jun 24, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
2
Committee
3
Amendments
1
Jun 24, 2026
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-710.
lower
May 13, 2026
Introduced
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 21.
lower
May 13, 2026
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Sep 16, 2025
Committee
Referred to the House Committee on Financial Services.
lower
Sep 16, 2025
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
J. French Hill
RRepublican
Co
Byron Donalds
RRepublican
Co
Marlin A. Stutzman
RRepublican
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