To require covered agencies to issue strategy and implementation plans for the transfer of credit, guarantee, and insurance risk to the private sector, to require the implementation of such plans, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 9040.

• 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. 116, July 15, 2024, Page H4633):
  Art 1, Sec. 8 of the U.S. Constitution The single subject of this legislation is: Instructs federal agencies with credit, guarantee, or insurance risk on their balance sheets to develop and implement strategies to transfer such risk to the private sector to the maximum extent possible.
  Source: Congress.gov, Congressional Record July 15, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  286 characters

  Congress.gov bill record

  H.R. 9040, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/9040

  Record last updated by Congress.gov

  May 27, 2025

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  75a50386490332ac009144cf4d36c7e279fcc383010fe233f9005641f124914f

  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. 9040, 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.