To amend the Securities Exchange Act of 1934 to clarify provisions relating to the regulation of municipal advisors, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 2827.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. DOLD, as printed in the Congressional Record (Page H5928):
  Article 1, Section 8, clause 3, which provides Congress the power to ``regulate commerce with foreign Nations and among the several States.'' This legislation clarifies language in the Dodd-Frank Act regarding the registration and regulation of municipal advisors. It does this by amending the Securities Exchange Act of 1934.
  Source: Congress.gov, record updated December 5, 2025 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  326 characters

  Congress.gov bill record

  H.R. 2827, 112th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/112/hr/2827

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 25, 2026

  Stored copy, SHA-256 of the file

  236e111d89b670ad9f51b176d65fbda7975cf13360b8d9e74059cf7243a5d076

  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.R. 2827, 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.