H.R. 5396
IntroducedPrice Stability Act of 2026
Plain-language analysis
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Full text of the bill
Official source on Congress.gov ↗[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5396 Reported in House (RH)]
<DOC>
Union Calendar No. 616 119th CONGRESS 2d Session H. R. 5396
[Report No. 119-710]
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.
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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
June 24, 2026
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on September 16, 2025]
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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 2026''.
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''. Union Calendar No. 616
119th CONGRESS
2d Session
H. R. 5396
[Report No. 119-710]
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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.
_______________________________________________________________________
June 24, 2026
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed