PAID Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 10470.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. BEYER, as printed in the Congressional Record (Vol. 170, No. 188, December 18, 2024, Page H7360):
  Article 1, Section 8 The single subject of this legislation is: To prohibit certain former Federal officials from investing in or serving in a managerial role in an investment fund in which a foreign principal owns shares within a certain time period if such investment or managerial role is based on conversations between such former officials and such foreign principal while such former official was employed by the Federal Government
  Source: Congress.gov, Congressional Record December 18, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  437 characters

  Congress.gov bill record

  H.R. 10470, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/10470

  Record last updated by Congress.gov

  January 30, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  18db0f22c9b4059d51629043689b928ee593f42a5ddaa92297688faa835a303e

  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 January 30, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 10470, last updated January 30, 2025. PORKER’s copy was retrieved September 14, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.