HR 5396
Price Stability Act of 2026
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Bill overview
The Price Stability Act of 2025 seeks to fundamentally change the role of the Federal Reserve. It proposes removing the requirement that the Federal Reserve prioritize both maximum employment and stable prices in its monetary policy decisions. Instead, the bill directs the Federal Reserve to solely focus on maintaining stable prices. This shift aims to address concerns about inflation and potentially allow the Fed greater flexibility in its economic management.
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119th CONGRESS — 1st Session
H. R. 5396
IN THE HOUSE OF REPRESENTATIVES
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.
This Act may be cited as the Price Stability Act of 2025
.
Section 2A of the Federal Reserve Act (12 U.S.C. 225a) is amended by striking maximum employment, stable prices,
and inserting stable prices
.