What is the current status of HR 5396?

HR 5396 is currently: In House.

Who sponsored HR 5396?

HR 5396 was sponsored by French Hill (R), Rep.

Focuses Federal Reserve on Price Stability

IntroducedSeptember 16, 2025

In House2 months ago

Intro

House

Senate

Pres

Waiting for a House floor vote.

It has cleared committee and can be brought up at any time, though no date is set.

Finance and Financial SectorEconomic performance and conditionsInflation and pricesMonetary policyUnemployment

Why This Matters

This bill removes the requirement for the Federal Reserve to prioritize maximum employment, allowing it to focus solely on maintaining stable prices.

If you are concerned about inflation, this bill shifts the Federal Reserve's focus entirely to price stability, potentially impacting your purchasing power.

Who this affects

workers · businesses · consumers

What changes is this bill making?

1This bill changes the Federal Reserve's main goal from maximizing employment to ensuring stable prices.
2The Federal Reserve is responsible for managing the country's money supply and interest rates.
3Removing the employment mandate may lead to different economic policies and decisions by the Federal Reserve.
4This change could impact inflation rates and overall economic growth in the United States.
5The bill aims to simplify the Federal Reserve's mission for clearer focus on price stability.

Read the detailed summary

Price Stability Act of 2026 This bill removes maximum employment as a goal of the monetary policy set by the Board of Governors of the Federal Reserve System and the Federal Open Market Committee.

Read full document

Focuses Federal Reserve on Price Stability

IntroducedSeptember 16, 2025

In House2 months ago

Intro

House

Senate

Pres

Waiting for a House floor vote.

It has cleared committee and can be brought up at any time, though no date is set.

Finance and Financial SectorEconomic performance and conditionsInflation and pricesMonetary policyUnemployment

Why This Matters

This bill removes the requirement for the Federal Reserve to prioritize maximum employment, allowing it to focus solely on maintaining stable prices.

If you are concerned about inflation, this bill shifts the Federal Reserve's focus entirely to price stability, potentially impacting your purchasing power.

Who this affects

workers · businesses · consumers

What changes is this bill making?

1This bill changes the Federal Reserve's main goal from maximizing employment to ensuring stable prices.
2The Federal Reserve is responsible for managing the country's money supply and interest rates.
3Removing the employment mandate may lead to different economic policies and decisions by the Federal Reserve.
4This change could impact inflation rates and overall economic growth in the United States.
5The bill aims to simplify the Federal Reserve's mission for clearer focus on price stability.

Read the detailed summary

Price Stability Act of 2026 This bill removes maximum employment as a goal of the monetary policy set by the Board of Governors of the Federal Reserve System and the Federal Open Market Committee.

Read full document