House bill · 119th Congress · Latest step: Committee action
Clarity for Compensation Act
Official title: To amend the Securities Exchange Act of 1934 to provide an exemption from the definition of a broker for a certain registered representative-owned personal services entity, and for other purposes.
Open in Bill Explorer →Where it went
- IntroducedJan 21, 2026
- Committee actionJun 30, 2026
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Sep 1, 2026 — Placed on the Union Calendar, Calendar No. 691.
Cost and committee reports
Official records Congress.gov attaches to H.R. 7187.
- Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 119-791 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on September 1, 2026.Source: Congress.gov, reported September 1, 2026 ↗
Evidence
- Field in the Congress.gov record
- committeeReports
- Report API records
- https://api.congress.gov/v3/committee-report/119/HRPT/791
- Congress.gov bill record
- H.R. 7187, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/7187
- Record last updated by Congress.gov
- September 23, 2026
- PORKER copy retrieved
- September 24, 2026
- Stored copy, SHA-256 of the file
8564fc94d164a266032ad66115c7d5a18bc54aad77853519e53bca91650fb593
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. NUNN of Iowa, as printed in the Congressional Record (Vol. 172, No. 14, January 21, 2026, Page H1172):Article 1, Section 8 of the United States Constitution To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.Source: Congress.gov, Congressional Record January 21, 2026 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 287 characters
- Congress.gov bill record
- H.R. 7187, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/7187
- Record last updated by Congress.gov
- September 23, 2026
- PORKER copy retrieved
- September 24, 2026
- Stored copy, SHA-256 of the file
8564fc94d164a266032ad66115c7d5a18bc54aad77853519e53bca91650fb593
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 (as of September 23, 2026). Not every bill gets one.
From the Congress.gov bill record for H.R. 7187, last updated September 23, 2026. PORKER’s copy was retrieved September 24, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
12 cosponsors — 8 Republicans, 4 Democrats
4 of 12 cosponsors (33%) are from the other party.
Monica De La Cruz (R-TX), Andrew Garbarino (R-NY), Timothy Kennedy (D-NY), Young Kim (R-CA), Michael Lawler (R-NY), Sarah McBride (D-DE), Gregory Meeks (D-NY), Tim Moore (R-NC), Nathaniel Moran (R-TX), Brittany Pettersen (D-CO), Marlin Stutzman (R-IN), William Timmons (R-SC).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Zachary Nunn.
- H.R. 2978 (119th) GUARD Act
- H.R. 2384 (119th) Financial Technology Protection Act of 2025
- H.R. 3301 (119th) ELEVATE Act of 2025
- H.Con.Res. 96 (119th) Expressing support for law enforcement officers.
- H.Res. 375 (119th) Expressing support for the designation of May 2025 as Renewable Fuels Month to recognize the important role that renewable fuels play in…
- H.R. 736 (119th) Protect Small Businesses from Excessive Paperwork Act of 2025
Sponsor’s state and district
Data as of Sep 29, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.