To establish reporting requirements for persons who issue fiat currency-backed stablecoins, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 8498.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. HOLLINGSWORTH, as printed in the Congressional Record (Vol. 168, No. 124, July 26, 2022, Page H7171):
  Article I, Section 8
  Source: Congress.gov, Congressional Record July 26, 2022 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  20 characters

  Congress.gov bill record

  H.R. 8498, 117th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/117/hr/8498

  Record last updated by Congress.gov

  February 6, 2024

  PORKER copy retrieved

  September 16, 2026

  Stored copy, SHA-256 of the file

  be25c74b0633eb7a6b9ad17b3995bd735be68fcca981ef3be37565bad4e10cf6

  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 February 6, 2024). Not every bill gets one.

From the Congress.gov bill record for H.R. 8498, last updated February 6, 2024. PORKER’s copy was retrieved September 16, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.