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119-hr-5396119th CongressWALLET
Price Stability Act of 2026
Sponsored By: Representative Hill, J. French [R-AR-2]
In Committee
Summary
Narrows the Federal Reserve's mandate to price stability. This bill would amend Section 2A of the Federal Reserve Act by striking the phrase "maximum employment, stable prices" and inserting "stable prices", eliminating the statute's explicit objective of promoting maximum employment. Section 1 sets the short title as the Price Stability Act of 2026.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Federal Reserve focus on price stability
This bill would remove the words "maximum employment" from the Federal Reserve Act and leave "stable prices" as the statutory goal. If enacted, this would make price stability the Fed's explicit sole statutory objective, effective upon enactment. The Fed would weigh controlling inflation more than boosting jobs when setting policy. That would lower inflation for price-sensitive households but would also tend to allow tighter policy that could slow job growth for some workers.
Sponsors & CoSponsors
Sponsor
Hill, J. French [R-AR-2]
AR • R
Cosponsors
Rep. Stutzman, Marlin A. [R-IN-3]
IN • R
Sponsored 9/16/2025
Rep. Donalds, Byron [R-FL-19]
FL • R
Sponsored 9/16/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov