Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rules submitted by the Department of the Treasury and the Internal Revenue Service relating to the reporting requirements for interest that relates to deposits maintained at United States offices of certain financial institutions and is paid to certain nonresident alien individuals.

Cost and committee reports

Official records Congress.gov attaches to H.J.Res. 113.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. CANSECO, as printed in the Congressional Record (Page H4605):
  Congress has authority to enact this legislation pursuant to Article I, Section 8, Clause 3 of the constitution. Should this IRS rule go into effect, commerce will likely be significantly impacted as deposits are pulled from U.S. financial institutions, thereby decreasing capital available for lending. ____________________
  Source: Congress.gov, record updated December 5, 2025 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  324 characters

  Congress.gov bill record

  H.J.Res. 113, 112th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/112/hjres/113

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 25, 2026

  Stored copy, SHA-256 of the file

  1d71c8a1f607eb7efb310d1240cd738e83edeb112c2b629c2a37d0f8d1387e8d

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of December 5, 2025). Not every bill gets one.

From the Congress.gov bill record for H.J.Res. 113, last updated December 5, 2025. PORKER’s copy was retrieved September 25, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.