119th Congress · HOUSE BILLBILL

H.R. 5396 — Price Stability Act of 2026

“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.”

Finance and financial sector

Introduced Sep 16, 2025

Last action Jun 24, 2026

Pipeline · Bill → Law

Step 1

Introduced

Sep 16, 2025

Step 2

Referred

Sep 16, 2025

Financial Services

Step 3

Committee

May 13, 2026

Reported out

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsReported to House

2 versions

Reported to House · 2 provisions

Amendment

Timeline · 6 actions

Jun 24, 2026

Placed on the Union Calendar, Calendar No. 616.

Jun 24, 2026

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

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

Introduced in House

Sep 16, 2025

Referred to the House Committee on Financial Services.