[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.


_______________________________________________________________________


                    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