To clarify certain provisions relating to the interests of Iran in certain assets, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 4070.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. TURNER of New York, as printed in the Congressional Record (Page H903):
  Article I, Section 8, Clause 9 of the Constitution of the United States: [The Congress shall have Power] To constitute Tribunals inferior to the supreme Court; Article I, Section 8, Clause 18 of the Constitution of the United States The Congress shall have Power to make all Laws which shall be necessary and proper for carrying into Execution the forgoing Powers, and all other Powers vested by this Constitution in the Government of the United States or in any Department or Officer thereof.
  Source: Congress.gov, record updated January 16, 2025 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  493 characters

  Congress.gov bill record

  H.R. 4070, 112th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/112/hr/4070

  Record last updated by Congress.gov

  January 16, 2025

  PORKER copy retrieved

  September 25, 2026

  Stored copy, SHA-256 of the file

  6c8d91c51221d51ba72c7a0306964451ce1adb6f422edf6714adb56ef3b652d4

  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 January 16, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 4070, last updated January 16, 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.