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H.R. 5396

U.S. House•House Floor Calendar

Summary

H.R. 5396, the Price Stability Act of 2026, was introduced in the House on Sep 16, 2025 by Rep. French Hill (R) with 2 co-sponsors. It last saw action on Jun 24, 2026: Placed on the Union Calendar, Calendar No. 616.

Record

Text

H.R. 5396 has 2 co-sponsors.

hb5396/introduced-in-house.txt
119 HR 5396 IH: Price Stability Act of 2025
 U.S. House of Representatives
 2025-09-16
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 5396  IN THE HOUSE OF REPRESENTATIVES   September 16, 2025   Mr. Hill of Arkansas  (for himself,  Mr. Stutzman , and  Mr. Donalds ) introduced the following bill; which was referred to the  Committee on Financial Services    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.
1.
Short title
This Act may be cited as the   Price Stability Act of 2025  .
2.
Removal of dual mandate
Section 2A of the Federal Reserve Act ( 12 U.S.C. 225a ) is amended by striking  maximum employment, stable prices,  and inserting  stable prices .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-09-16
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Reported to House Jun 24, 2026

hb5396/reported-to-house.md

Shown Here:
Reported to House (06/24/2026)

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.

Sponsors

Rep. French Hill (R) sponsors H.R. 5396, and 2 members have co-sponsored it, all of them from the day it was introduced.

Committees

H.R. 5396 went before 1 committee: Financial Services.

Financial Services
Financial Services
Reported By · Jun 24, 2026 · 559 Bills

Reports

1 committee report has been filed on H.R. 5396, the latest H. Rept. 119-710.

Actions

H.R. 5396 has taken 6 actions since Sep 16, 2025, the latest on Jun 24, 2026.

ChamberAction
Jun 24, 2026
House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-710.Financial Services Committee
Jun 24, 2026
House
Placed on the Union Calendar, Calendar No. 616.
May 13, 2026
House
Committee Consideration and Mark-up Session HeldFinancial Services Committee
May 13, 2026
House
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 21.Financial Services Committee
Sep 16, 2025
House
Introduced in House

Votes

H.R. 5396 has not gone to a roll call.

Titles

H.R. 5396 goes by 4 titles, 2 of them short titles.

  • Price Stability Act of 2026 — Display Title
  • Price Stability Act of 2026 — Short Title(s) as Reported to House
  • 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. — Official Title as Introduced
  • Price Stability Act of 2025 — Short Title(s) as Introduced

Lobbying

2 clients hired 2 firms and 11 registered lobbyists who named H.R. 5396 in 5 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Health Issues, Insurance, Medicare/Medicaid, Pharmacy, Banking, Consumer Issues/Safety/Products, Financial Institutions/Investments/Securities, Government Issues.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
ELEVANCE HEALTH, INC.—District of Columbia14—
AMERICANS FOR FINANCIAL REFORM—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
ELEVANCE HEALTH, INC.14—
AMERICANS FOR FINANCIAL REFORM11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
ADAM GOLDBERG114
ELIZABETH HALL114
JONATHAN BONET-RIVERA114
LADAN AHMADI114
SAMUEL MARCHIO114
TIMOTHY DRUMM114
BENJAMIN STEINHAFEL112
ADAM BURTNER111
JAMES STURSBERG111
MARK HAYS111
RUKMANI BHATIA111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
ELEVANCE HEALTH, INC.ELEVANCE HEALTH, INC.2025 first_quarter$2.5M1st Quarter - Report
ELEVANCE HEALTH, INC.ELEVANCE HEALTH, INC.2025 third_quarter$2M3rd Quarter - Report
ELEVANCE HEALTH, INC.ELEVANCE HEALTH, INC.2025 fourth_quarter$1.5M4th Quarter - Report
ELEVANCE HEALTH, INC.ELEVANCE HEALTH, INC.2025 second_quarter$1.4M2nd Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2026 second_quarter$100K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 5396 under Finance and Financial Sector, one of its 31 policy areas, and gives it 4 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 5396’s is Finance and Financial Sector.

hr5396/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 5396 carries 4 of CRS’s legislative subjects, from Economic performance and conditions to Unemployment.

hr5396/subjects.txt
Economic performance and conditionsInflation and pricesMonetary policyUnemployment

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 5396, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 151 (Tuesday, September 16, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HILL of Arkansas:H.R. 5396.Congress has the power to enact this legislation pursuantto the following:This legislation is based on the authority of the U.S.Congress to ``regulate Commerce . . . among the severalStates'', U.S. Const. art. I, Sec.  8, cl 3, ``. . . coinmoney [and] regulate the value thereof . . .'', U.S. Const.art. I, Sec.  8, cl. 5, and ``make all Laws . . . necessaryand proper for carrying into Execution the foregoingPowers[.]'' U.S. Const. art. 1, Sec.  8, cl. 18.[Page H4364]

Source: congress.gov · legiscan.com