Price Stability Act of 2025
Sponsored By: Representative Hill, J. French [R-AR-2]
In Committee
Summary
This bill would refocus the Federal Reserve's statutory mandate on price stability alone by removing the "maximum employment" objective. It would amend Section 2A of the Federal Reserve Act (12 U.S.C. 225a) to replace the phrase "maximum employment, stable prices," with "stable prices," making price stability the explicit statutory objective for the Federal Reserve and the Federal Open Market Committee across the United States.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Federal Reserve would focus on prices
This bill would change the Federal Reserve's legal objective. It would remove the phrase "maximum employment" and leave only "stable prices" as the Fed's stated goal. If enacted, the change would take effect upon enactment. Households would see indirect effects over time on interest rates, inflation, jobs, and borrowing costs, but the bill sets no numeric targets or new programs.
Sponsors & CoSponsors
Sponsor
Hill, J. French [R-AR-2]
AR • R
Cosponsors
Stutzman
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.
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