To amend the Securities Exchange Act of 1934 to provide for liability for certain failures to disclose material information in connection with proxy voting advice, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 4590.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. STEIL, as printed in the Congressional Record (Vol. 169, No. 119, July 12, 2023, Page H3478):
  Article I, Section 8, Clause 3 of the United States Constitution: ``To regulate commerce with foreign nations, and among the several states, and with the Indian tribes.'' The single subject of this legislation is: This bill concerns the regulation of proxy advisory firms, also known as proxy voting advice businesses
  Source: Congress.gov, Congressional Record July 12, 2023 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  317 characters

  Congress.gov bill record

  H.R. 4590, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/4590

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  7aa02129550488b06b9ed3ac1eda769c0d1824c966784c8ecbf867107828bbe6

  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 27, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 4590, last updated May 27, 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.