To require the Chairperson of the Financial Stability Oversight Council to provide contingency plans for a disruption in the timing of payment on Treasury securities, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 7691.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. DONALDS, as printed in the Congressional Record (Vol. 170, No. 47, March 15, 2024, Page H1189):
  Art 1, Sec. 8 The single subject of this legislation is: Directs the Chairperson of the Financial Stability Oversight Council (FSOC) to produce contingency plans for financial risks that disrupt the timing of payment on Treasury securities
  Source: Congress.gov, Congressional Record March 15, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  239 characters

  Congress.gov bill record

  H.R. 7691, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7691

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  fb353b441b0bb4ae2a2dd8a4007c33e20234bbf815a678aaccf89457dab3412c

  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. 7691, 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.