Only the right has signed this so far (Bill Ranking)
H.R. 5396 · 119th Congress (2025-2026)
3 members · Left 0 · Center 0 · Right 3 (Bill Ranking)
| Sponsor | Rep. Hill, J. French (R-AR) (Introduced 09/16/2025) |
|---|---|
| Sponsor Voting Record | Lean right · DW-NOMINATE +0.43 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 3 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | House - Financial Services Committee; House - Financial Services Committee; House - Financial Services Committee |
| Latest Action | 06/24/2026 Placed on the Union Calendar, Calendar No. 616. |
| Roll Call Votes | There have been no roll call votes |
| Source | view on congress.gov → |
Reported to House (06/24/2026)
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.
119 HR 5396 IH: Price Stability Act of 2025 U.S. House of Representatives 2025-09-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 5396IN THE HOUSE OF REPRESENTATIVESSeptember 16, 2025Mr. Hill of Arkansas (for himself, Mr. Stutzman, and Mr. Donalds) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo 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.Short title This Act may be cited as the Price Stability Act of 2025.
2.Removal of dual mandateSection 2A of the Federal Reserve Act (12 U.S.C. 225a) is amended by striking maximum employment, stable prices, and inserting stable prices.
119 HR 5396 RH: Price Stability Act of 2026 U.S. House of Representatives 2026-06-24 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IBUnion Calendar No. 616119th CONGRESS2d SessionH. R. 5396[Report No. 119–710]IN THE HOUSE OF REPRESENTATIVESSeptember 16, 2025Mr. Hill of Arkansas (for himself, Mr. Stutzman, and Mr. Donalds) introduced the following bill; which was referred to the Committee on Financial ServicesJune 24, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on September 16, 2025A BILLTo 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.Short titleThis Act may be cited as the Price Stability Act of 2026.2.Removal of dual mandateSection 2A of the Federal Reserve Act (12 U.S.C. 225a) is amended by striking maximum employment, stable prices, and inserting stable prices.June 24, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 09/16/2025 | Library of Congress | Introduced in House |
| 09/16/2025 | Library of Congress | Introduced in House |
| 09/16/2025 | House floor actions | Referred to the House Committee on Financial Services. |
| 05/13/2026 | House committee actions | Committee Consideration and Mark-up Session Held |
| 05/13/2026 | House committee actions | Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 21. |
| 06/24/2026 | Library of Congress | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-710. |
| 06/24/2026 | House floor actions | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-710. |
| 06/24/2026 | House floor actions | Placed on the Union Calendar, Calendar No. 616. |
| Title Type | Title |
|---|---|
| Display Title | Price Stability Act of 2026 |
| Short Title(s) as Reported to House | Price Stability Act of 2026 |
| Official Title as Introduced | 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. |
| Short Title(s) as Introduced | Price Stability Act of 2025 |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| House - Financial Services Committee | 06/24/2026 Reported By |
| House - Financial Services Committee | 05/13/2026 Markup By |
| House - Financial Services Committee | 09/16/2025 Referred To |
No related bill information was received for H.R. 5396.
Policy Area: Finance and Financial Sector
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