Generalized System of Preferences Reform Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 7986.

• CBO cost estimateThe Congressional Budget Office published “H.R. 7986, Generalized System of Preferences Reform Act” on July 29, 2024. CBO’s description reads “As ordered reported by the House Committee on Ways and Means on April 17, 2024”.
  Read the CBO estimate ↗Source: Congressional Budget Office, July 29, 2024 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/60582

  CBO publication date

  July 29, 2024

  Congress.gov bill record

  H.R. 7986, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7986

  Record last updated by Congress.gov

  July 14, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  069e6e83d3411e6773da6b5e816ade63aa383afb46da4c9dea44745e8d91d525

• 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. 118-890 ↗. The Congress.gov committee record lists a “Reported By” entry for the Ways and Means Committee on December 17, 2024.
  Source: Congress.gov, reported December 17, 2024 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/118/HRPT/890

  Congress.gov bill record

  H.R. 7986, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7986

  Record last updated by Congress.gov

  July 14, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  069e6e83d3411e6773da6b5e816ade63aa383afb46da4c9dea44745e8d91d525

  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. SMITH of Nebraska, as printed in the Congressional Record (Vol. 170, No. 64, April 15, 2024, Page H2397):
  Article I Section 8 The single subject of this legislation is: Reforming and renewing the Generalized System of Preferences program
  Source: Congress.gov, Congressional Record April 15, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  131 characters

  Congress.gov bill record

  H.R. 7986, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7986

  Record last updated by Congress.gov

  July 14, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  069e6e83d3411e6773da6b5e816ade63aa383afb46da4c9dea44745e8d91d525

  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. 7986, last updated July 14, 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.