H.R. 5396 119th Congress House

Price Stability Act of 2026

Official title: 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.

Introduced: September 16, 2025 Introduced by: J. French Hill Republican · Arkansas See on congress.gov

Finance and Financial Sector Economic performance and conditionsInflation and pricesMonetary policyUnemployment

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 24, 2026

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-710.

Jun 24, 2026

Placed on the Union Calendar, Calendar No. 616.

May 13, 2026

Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 21.

May 13, 2026

Committee Consideration and Mark-up Session Held

Sep 16, 2025

Referred to the House Committee on Financial Services.

Sep 16, 2025

Introduced in House

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What's happening now June 24, 2026

Placed on the Union Calendar, Calendar No. 616.

Plain-English summary Congressional Research Service

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.

Hearings & markups 1

Various Measures
Markup May 13, 2026 · 10:00 AM EDT · Financial Services Committee

Related & companion bills 2

Bill text 2 versions

Introduced in House Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

AMERICANS FOR FINANCIAL REFORM
for AMERICANS FOR FINANCIAL REFORM · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
1 filing
Office of the Comptroller of the Currency (OCC)
1 filing
SENATE
1 filing

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

Cosponsors 2

Donalds, Byron

Florida · Sep 16, 2025

Stutzman, Marlin A.

Indiana · Sep 16, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 5396: Price Stability Act of 2026. 119th Congress. Open America. https://openamerica.io/bill/119-HR-5396/

MLA

"H.R. 5396: Price Stability Act of 2026." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-5396/.

Bluebook (legal)

H.R. 5396, 119th Cong. (2026), https://openamerica.io/bill/119-HR-5396/.

Markdown link

[H.R. 5396: Price Stability Act of 2026](https://openamerica.io/bill/119-HR-5396/)