To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.

Cost and committee reports

Official records Congress.gov attaches to H.R. 4659.

• CBO cost estimateThe Congressional Budget Office published “H.R. 4659, a bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives” on June 11, 2018. CBO’s description reads “As ordered reported by the House Committee on Financial Services on March 21, 2018”.
  Read the CBO estimate ↗Source: Congressional Budget Office, June 11, 2018 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/54030

  CBO publication date

  June 11, 2018

  Congress.gov bill record

  H.R. 4659, 115th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/115/hr/4659

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 21, 2026

  Stored copy, SHA-256 of the file

  b348f346594d82e7e75da870d16cb8ee1d3519739e8dc3f4126c5512e3959d12

• 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. 115-882 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on August 3, 2018.
  Source: Congress.gov, reported August 3, 2018 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/115/HRPT/882

  Congress.gov bill record

  H.R. 4659, 115th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/115/hr/4659

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 21, 2026

  Stored copy, SHA-256 of the file

  b348f346594d82e7e75da870d16cb8ee1d3519739e8dc3f4126c5512e3959d12

  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. LUETKEMEYER, as printed in the Congressional Record (Vol. 163, No. 204, December 14, 2017, Pages H9940-H9941):
  The constitutional authority on which this bill rests lies in Article 1, Section 7, Clause 2 of the Constitution, which allows for every bill passed by the House of Representatives and the Senate and signed by the President to be codified into law; and therefore implicitly allows Congress to repeal any bill that has been passed by both chambers and signed into law by the President. Additionally, the Constitution grants to Congress the explicit power to regulate commerce in and among the states, as enumerate in Article 1, Section 8, Clause 3, the Commerce Clause.
  Source: Congress.gov, Congressional Record December 14, 2017 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  568 characters

  Congress.gov bill record

  H.R. 4659, 115th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/115/hr/4659

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 21, 2026

  Stored copy, SHA-256 of the file

  b348f346594d82e7e75da870d16cb8ee1d3519739e8dc3f4126c5512e3959d12

  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. 4659, last updated December 5, 2025. PORKER’s copy was retrieved September 21, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.