Federal Reserve Racial and Economic Equity Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 4194.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Ms. WATERS, as printed in the Congressional Record (Vol. 169, No. 105, June 15, 2023, Page H2961):
  Article I, Section 8, clause 3 provides Congress with the power to ``regulate commerce with foreign nations, and among the several states, and with the Indian tribes.'' The single subject of this legislation is: Amends the Federal Reserve Act to add additional demographic reporting requirements, to modify the goals of the Federal Reserve System.
  Source: Congress.gov, Congressional Record June 15, 2023 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  347 characters

  Congress.gov bill record

  H.R. 4194, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/4194

  Record last updated by Congress.gov

  December 5, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  c97c08d87bd88b35de5dd9a9bd5513ea50e5ab2d96683cd1e4be20482cc7ec94

  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. 4194, 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.