Capital Markets Improvement Act of 2016

Cost and committee reports

Official records Congress.gov attaches to H.R. 1675.

• CBO cost estimateThe Congressional Budget Office published “H.R. 1675, Encouraging Employee Ownership Act of 2015” on June 19, 2015. CBO’s description reads “As ordered reported by the House Committee on Financial Services on May 20, 2015”.
  Read the CBO estimate ↗Source: Congressional Budget Office, June 19, 2015 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/50332

  CBO publication date

  June 19, 2015

  Congress.gov bill record

  H.R. 1675, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/1675

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  393e13af272054349ebb88c9e0c5410be8ca62e5007120f54ee2690caf99a05e

• PORKER links to the estimate and does not repeat its dollar figures. Each estimate is for the version of the bill its description names; the bill may have changed since.

• Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 114-398 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on January 28, 2016.
  Source: Congress.gov, reported January 28, 2016 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/114/HRPT/398

  Congress.gov bill record

  H.R. 1675, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/1675

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  393e13af272054349ebb88c9e0c5410be8ca62e5007120f54ee2690caf99a05e

  A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. HULTGREN, as printed in the Congressional Record (Vol. 161, No. 51, March 26, 2015, Page H2113):
  Article I, Section 8, Clause 3, as this legislation regulates commerce between the states. Article I, Section 8, Clause 18, providing Congress with the authority to enact legislation necessary to execute one of its enumerated powers, such as Article I, Section 8, Clause 3.
  Source: Congress.gov, Congressional Record March 26, 2015 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  273 characters

  Congress.gov bill record

  H.R. 1675, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/1675

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  393e13af272054349ebb88c9e0c5410be8ca62e5007120f54ee2690caf99a05e

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

From the Congress.gov bill record for H.R. 1675, last updated December 5, 2025. PORKER’s copy was retrieved September 22, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.