H.R. 5396 · On the floor · Finance and Financial Sector

Price Stability Act of 2026

Sponsor: J. French Hill (R-AR)

What it does

• Remove maximum employment as an explicit monetary policy goal of the Federal Reserve's Board of Governors and Federal Open Market Committee.
• Retain price stability as the sole primary mandate for Federal Reserve monetary policy decisions.

Official 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.

Latest action

Jun 24, 2026: Placed on the Union Calendar, Calendar No. 616.

Committee: House Financial Services