Federal Reserve Supervision Testimony Clarification Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 974.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. GOTTHEIMER, as printed in the Congressional Record (Page H1362):
  Article I, Section 8, Clause 3 of the Constitution states that Congress shall have the power ``to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.'' Article I, Section 8, Clause 18 of the Constitution states the Congress shall have the power ``to make all Laws which shall be necessary and proper for carrying into Execution the foregoing 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 May 28, 2025 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  527 characters

  Congress.gov bill record

  H.R. 974, 116th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/116/hr/974

  Record last updated by Congress.gov

  May 28, 2025

  PORKER copy retrieved

  September 20, 2026

  Stored copy, SHA-256 of the file

  ab974f981bfaeaf4648e8c10faa694ccd1f117243fc4809940ec4ebfa4a8a550

  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 May 28, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 974, last updated May 28, 2025. PORKER’s copy was retrieved September 20, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.