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![handle is hein.congrecreports/crptxaijy0001 and id is 1 raw text is: AUTHENTICATED r
U.S. GOVERNMENT
INFORMATION 4
119TH CONGRESS REPORT
2d Session J HOUSE OF REPRESENTATIVES 119-710
PRICE STABILITY ACT OF 2026
JUNE 24, 2026.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. HILL of Arkansas, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 5396]
The Committee on Financial Services, to whom was referred the
bill (H.R. 5396) 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, having considered the same, reports favorably thereon
with an amendment and recommends that the bill as amended do
pass.
CONTENTS
Page
Purpose and Sum m ary ........................................................................................... . 2
Background and Need for Legislation .................................................................... 2
Com m ittee Consideration ........................................................................................ 2
R elated H earings ..................................................................................................... 3
C om m ittee V otes ..................................................................................................... 3
Com m ittee Oversight Findings ............................................................................... 10
Perform ance Goals and Objectives ......................................................................... 10
Com m ittee Cost Estim ate ....................................................................................... 10
New Budget Authority and CBO Cost Estimate .................................................. 10
Unfunded M andates Statem ent .............................................................................. 10
Earm ark Statem ent ................................................................................................ 10
Federal Advisory Committee Act Statement ......................................................... 10
Applicability to the Legislative Branch ................................................................. 11
Duplication of Federal Program s ........................................................................... 11
Section-by-Section Analysis of the Legislation ..................................................... 11
Changes in Existing Law Made by the Bill, as Reported ................. 11
Documents Included by Unanimous Consent ........................................................ 12
M inority V iew s ........................................................................................................ 14
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