Removes maximum employment from the Federal Reserve's statutory goals, leaving stable prices as the only goal named in the Federal Reserve Act's Section 2A.

Official title: Price Stability Act of 2026

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 16-SEP-2025

Referred 16-SEP-2025

Approved by committee 13-MAY-2026

Reported 24-JUN-2026

On the calendar 24-JUN-2026

Key points

Amends Section 2A of the Federal Reserve Act by striking "maximum employment, stable prices," and inserting "stable prices."
Leaves price stability as the sole goal listed for the Board of Governors and the Federal Open Market Committee.
Sets the short title as the Price Stability Act of 2026.

AI-generated from the Reported in House text of 24-JUN-2026 · verify · report an error

Official CRS summary

Current. The Congressional Research Service's summary covers the bill's latest wording (Reported to House, 24-JUN-2026).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov

Committee referrals (1)

Policy area

Finance and Financial Sector

Sponsor J. French Hill (R-AR) Cosponsors · 2

■ 2 R

2 Republicans

congress.gov page Reported in House (24-JUN-2026) Introduced in House (16-SEP-2025)