Financial Services Innovation Act of 2024

Cost and committee reports

Official records Congress.gov attaches to H.R. 7440.

• CBO cost estimateThe Congressional Budget Office published “H.R. 7440, Financial Services Innovation Act of 2024” on September 13, 2024. CBO’s description reads “As ordered reported by the House Committee on Financial Services on April 17, 2024”.
  Read the CBO estimate ↗Source: Congressional Budget Office, September 13, 2024 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/60714

  CBO publication date

  September 13, 2024

  Congress.gov bill record

  H.R. 7440, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7440

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  3ef5e083e5af063b4b218050557e930bb914d47979597432b8f7c0ff28d90fb5

• 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. 118-792 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on December 4, 2024.
  Source: Congress.gov, reported December 4, 2024 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/118/HRPT/792

  Congress.gov bill record

  H.R. 7440, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7440

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  3ef5e083e5af063b4b218050557e930bb914d47979597432b8f7c0ff28d90fb5

  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. McHENRY, as printed in the Congressional Record (Vol. 170, No. 33, February 23, 2024, Page H693):
  Article I, Sec. 8, Cl. 18 To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof. The single subject of this legislation is: Establishes innovation offices within the federal financial regulators.
  Source: Congress.gov, Congressional Record February 23, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  373 characters

  Congress.gov bill record

  H.R. 7440, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7440

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  3ef5e083e5af063b4b218050557e930bb914d47979597432b8f7c0ff28d90fb5

  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. 7440, 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.