Price will serve as co-chairman on the Democratic Caucus Special Committee on Election Reform, formed by House Minority Leader Dick Gephardt, D-Mo.
The eight-person committee plans to hear concerns voiced by citizens and election experts, said Thomas Bates, press secretary for Price.
"(The committee will strive to) restore some of the faith that was shaken in the last election," Bates said.
The committee also will include Rep. Alice Hastings, D-Fla.
Problems in the election process came to the forefront of American political life in November when it was revealed that confusing ballots were used in some Florida counties -- casting the outcome presidential election in doubt for more than a month.
Some Florida voters claimed that these butterfly ballots caused them to vote for the wrong presidential candidate.
Price stated in a press release that he hopes the committee will be able to examine and possibly reform the U.S. voting system.
"I look forward to working with the members of the committee, election experts and voters across our country to devise the best ways to fix and upgrade our voting technology, address the issues of access and accuracy and expand participation in our democracy," he stated in the release.
Gephardt's Press Secretary Sue Harvey said the committee was formed in response to the fiasco in November but that voting problems are not limited to Florida.