Investment Advisers Modernization Act of 2016

Cost and committee reports

Official records Congress.gov attaches to H.R. 5424.

• CBO cost estimateThe Congressional Budget Office published “H.R. 5424, Investment Advisers Modernization Act of 2016” on July 12, 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, July 12, 2016 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/51792

  CBO publication date

  July 12, 2016

  Congress.gov bill record

  H.R. 5424, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/5424

  Record last updated by Congress.gov

  April 7, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  55d0c4f75293aaf0979a5fb99e33844eb4e4469ae639ceb7d1714dc91680a922

• 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. 114-698 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on July 21, 2016.
  Source: Congress.gov, reported July 21, 2016 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/114/HRPT/698

  Congress.gov bill record

  H.R. 5424, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/5424

  Record last updated by Congress.gov

  April 7, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  55d0c4f75293aaf0979a5fb99e33844eb4e4469ae639ceb7d1714dc91680a922

  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. HURT of Virginia, as printed in the Congressional Record (Vol. 162, No. 91, June 9, 2016, Page H3664):
  Article 1, Section 8, Clause 3
  Source: Congress.gov, Congressional Record June 9, 2016 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  30 characters

  Congress.gov bill record

  H.R. 5424, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/5424

  Record last updated by Congress.gov

  April 7, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  55d0c4f75293aaf0979a5fb99e33844eb4e4469ae639ceb7d1714dc91680a922

  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. 5424, 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.