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 title

This Act may be cited as the Price Stability Act of 2026.

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.

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