Micro Offering Safe Harbor Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 4850.

• CBO cost estimateThe Congressional Budget Office published “H.R. 4850, Micro Offering Safe Harbor Act” on September 2, 2016. CBO’s description reads “As ordered reported by the House Committee on Financial Services on June 16, 2016”.
  Read the CBO estimate ↗Source: Congressional Budget Office, September 2, 2016 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/51956

  CBO publication date

  September 2, 2016

  Congress.gov bill record

  H.R. 4850, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/4850

  Record last updated by Congress.gov

  April 7, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  2d170caee4e2a0e3472650dd6201cb1b1b4d60c3f810f92828c2f104c4e7cf26

• 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. 114-723 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on September 6, 2016.
  Source: Congress.gov, reported September 6, 2016 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/114/HRPT/723

  Congress.gov bill record

  H.R. 4850, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/4850

  Record last updated by Congress.gov

  April 7, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  2d170caee4e2a0e3472650dd6201cb1b1b4d60c3f810f92828c2f104c4e7cf26

  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. EMMER of Minnesota, as printed in the Congressional Record (Vol. 162, No. 46, March 23, 2016, Page H1584):
  Congress is empowered to regulate interstate commerce under Article I, Section 8 of the Constitution.
  Source: Congress.gov, Congressional Record March 23, 2016 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  101 characters

  Congress.gov bill record

  H.R. 4850, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/4850

  Record last updated by Congress.gov

  April 7, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  2d170caee4e2a0e3472650dd6201cb1b1b4d60c3f810f92828c2f104c4e7cf26

  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. 4850, last updated April 7, 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.