[Congressional Record Volume 158, Number 130 (Tuesday, September 25, 2012)]
[House]
[Page H6284]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. COFFMAN of Colorado:
       H.R. 6560.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article I, Sec. 8, Clause 3, the Commerce Clause, of the 
     United States Constitution
       This states that ``Congress shall have power to . . . 
     regulate commerce with foreign nations, and among the several 
     states, and with the Indian tribes.'' The power to regulate 
     commerce among the several states is the power to define 
     conditions and rules for commercial transactions, and the 
     regulation of the prices and terms of sale. Amending 
     regulations which govern the monetary policies municipalities 
     may use for issuing bonds affects the ability of these 
     municipalities to conduct business transactions with 
     investors, and thus falls under the commerce clause.