Securities Research Modernization Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 3672.

• CBO cost estimateThe Congressional Budget Office published “H.R. 3672, Securities Research Modernization Act” on October 31, 2025. CBO’s description reads “As reported by the House Committee on Financial Services on July 15, 2025”.
  Read the CBO estimate ↗Source: Congressional Budget Office, October 31, 2025 ↗

  Evidence

  Field in the Congress.gov record

  cboCostEstimates

  CBO publication

  https://www.cbo.gov/publication/61860

  CBO publication date

  October 31, 2025

  Congress.gov bill record

  H.R. 3672, 119th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/119/hr/3672

  Record last updated by Congress.gov

  June 11, 2026

  PORKER copy retrieved

  September 13, 2026

  Stored copy, SHA-256 of the file

  8a742e6e2396cb1d9d4277585afa6584b07136d5b83b6206e231d978e2b0b945

• 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. 119-204 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on July 15, 2025.
  Source: Congress.gov, reported July 15, 2025 ↗

  Evidence

  Field in the Congress.gov record

  committeeReports

  Report API records

  https://api.congress.gov/v3/committee-report/119/HRPT/204

  Congress.gov bill record

  H.R. 3672, 119th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/119/hr/3672

  Record last updated by Congress.gov

  June 11, 2026

  PORKER copy retrieved

  September 13, 2026

  Stored copy, SHA-256 of the file

  8a742e6e2396cb1d9d4277585afa6584b07136d5b83b6206e231d978e2b0b945

  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. WILLIAMS of Texas, as printed in the Congressional Record (Vol. 171, No. 93, June 2, 2025, Page H2383):
  Article 1, Section 8 of the Constitution of the United States
  Source: Congress.gov, Congressional Record June 2, 2025 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  61 characters

  Congress.gov bill record

  H.R. 3672, 119th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/119/hr/3672

  Record last updated by Congress.gov

  June 11, 2026

  PORKER copy retrieved

  September 13, 2026

  Stored copy, SHA-256 of the file

  8a742e6e2396cb1d9d4277585afa6584b07136d5b83b6206e231d978e2b0b945

  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. 3672, last updated June 11, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.