Skip to main content
CivicGate

HR 5396
Introduced Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

Price Stability Act of 2026

H. R. 5396 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 Sep 16, 2025

Latest action (Jun 24, 2026) Placed on the Union Calendar, Calendar No. 616.

Referred to
Financial Services Committee
Policy area
Finance and Financial Sector
Issues
Economy & Taxes
Legislative subjects (4)
Economic performance and conditionsInflation and pricesMonetary policyUnemployment

Summary
  • Amends Section 2A of the Federal Reserve Act to remove the mandate for the Board of Governors and Federal Open Market Committee to focus on maximum employment.
  • Changes the Federal Reserve's statutory mandate from a dual focus on maximum employment and stable prices to a single focus on stable prices only.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
2 cosponsors

Money behind the sponsor

Top reported contributors to J. French Hill’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • NULL $33,405
  • KKR $29,700
  • COINBASE $28,900
  • BNY MELLON $28,100
  • STEPHENS INC. $27,250

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for J. French Hill → · Outside spending →

Actions (6)
  1. Jun 24, 2026 Placed on the Union Calendar, Calendar No. 616. · house
  2. Jun 24, 2026 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-710. · house
  3. May 13, 2026 Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 21. · house
  4. May 13, 2026 Committee Consideration and Mark-up Session Held · house
  5. Sep 16, 2025 Referred to the House Committee on Financial Services. · house
  6. Sep 16, 2025 Introduced in House

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • S 368 — BLOCK Act (shares 4 subjects)
  • HR 142 — Regulations from the Executive in Need of Scrutiny Act of 2025 (shares 4 subjects)
  • HR 580 — Unfunded Mandates Accountability and Transparency Act of 2025 (shares 2 subjects)
  • HR 1654 — CUTS Act (shares 2 subjects)
  • S 77 — Early Participation in Regulations Act of 2025 (shares 2 subjects)
  • S 76 — SMART Act of 2025 (shares 2 subjects)
  • HR 8796 — Regulatory Accountability Act (shares 2 subjects)
  • S 1419 — Early Participation in Regulations Act of 2019 (shares 2 subjects)

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 5499 — Fed Integrity and Independence Act of 2025 · Introduced Sep 18, 2025 · Cong. 119 66%
  • HR 2418 — Federal Reserve Regulatory Oversight Act · Introduced Mar 27, 2025 · Cong. 119 63%
  • HR 4789 — FAIR Act · Introduced Jul 29, 2025 · Cong. 119 61%
  • HR 3173 — Federal Reserve Financial Accountability and Transparency Act · Introduced May 1, 2025 · Cong. 119 60%
  • HR 2183 — CFPB Dual Mandate and Economic Analysis Act · Introduced Mar 18, 2025 · Cong. 119 60%
  • S 2817 — Fed Integrity and Independence Act of 2025 · Introduced Sep 16, 2025 · Cong. 119 59%

Text versions (2)
  • Reported in House · Jun 24, 2026
  • Introduced in House · Sep 16, 2025

Committee action

What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.

Meetings where this bill was on the agenda

Full text

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]

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]

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

Comments

Comments

Loading comments…