To amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 3402.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. LOUDERMILK, as printed in the Congressional Record (Vol. 171, No. 81, May 14, 2025, Page H2053):
  Article 1, Section 8, Clause 3 and Article 1, Section 8, Clause 18.
  Source: Congress.gov, Congressional Record May 14, 2025 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  67 characters

  Congress.gov bill record

  H.R. 3402, 119th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/119/hr/3402

  Record last updated by Congress.gov

  August 20, 2026

  PORKER copy retrieved

  September 12, 2026

  Stored copy, SHA-256 of the file

  74c659ef808362afd93cba2d7e3930a776c4ca907ca9fa4464d5e199b306e149

  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 August 20, 2026). Not every bill gets one.

From the Congress.gov bill record for H.R. 3402, last updated August 20, 2026. PORKER’s copy was retrieved September 12, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.