[Congressional Record Volume 157, Number 127 (Friday, August 26, 2011)]
[House]
[Page H5928]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. DOLD:
       H.R. 2827.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article 1, Section 8, clause 3, which provides Congress the 
     power to ``regulate commerce with foreign Nations and among 
     the several States.'' This legislation clarifies language in 
     the Dodd-Frank Act regarding the registration and regulation 
     of municipal advisors. It does this by amending the 
     Securities Exchange Act of 1934.