DEPOSIT Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 1654.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. SCHIFF, as printed in the Congressional Record (Vol. 169, No. 50, March 17, 2023, Page H1296):
  Article I, Section 8 of the United States Consitution The single subject of this legislation is: To amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses and profits from sales of stock received by executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed as conservator or receiver.
  Source: Congress.gov, Congressional Record March 17, 2023 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  382 characters

  Congress.gov bill record

  H.R. 1654, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/1654

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  706fe1748d89472950edd2475b5cd26f3a47574d8d5de80fc5eaeabe2b75688d

  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 December 5, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 1654, last updated December 5, 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.