Businesses Over Activists Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 4655.

• CBO cost estimateThe Congressional Budget Office published “H.R. 4655, Businesses Over Activists Act” on October 20, 2023. CBO’s description reads “As ordered reported by the House Committee on Financial Services on July 27, 2023”.
  Read the CBO estimate ↗Source: Congressional Budget Office, October 20, 2023 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/59678

  CBO publication date

  October 20, 2023

  Congress.gov bill record

  H.R. 4655, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/4655

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  4fc45462e6dbd77bca44e92e4cf4b0127ef851f3c4f5cff7e60bde35f7d55bbb

• PORKER links to the estimate and does not repeat its dollar figures. Each estimate is for the version of the bill its description names; the bill may have changed since.

• Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 118-326 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on December 19, 2023.
  Source: Congress.gov, reported December 19, 2023 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/118/HRPT/326

  Congress.gov bill record

  H.R. 4655, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/4655

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  4fc45462e6dbd77bca44e92e4cf4b0127ef851f3c4f5cff7e60bde35f7d55bbb

  A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. NORMAN, as printed in the Congressional Record (Vol. 169, No. 121, July 14, 2023, Page H3613):
  Article 1 Section 8 The single subject of this legislation is: Would amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission from compelling the inclusion or discussion of shareholder proposals or proxy or consent solicitation materials, and for other purposes.
  Source: Congress.gov, Congressional Record July 14, 2023 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  298 characters

  Congress.gov bill record

  H.R. 4655, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/4655

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  4fc45462e6dbd77bca44e92e4cf4b0127ef851f3c4f5cff7e60bde35f7d55bbb

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

From the Congress.gov bill record for H.R. 4655, 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.