[Congressional Record Volume 158, Number 151 (Thursday, November 29, 2012)]
[House]
[Page H6535]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. PRICE of Georgia:
       H.R. 6616.
       Congress has the power to enact this legislation pursuant 
     to the following:
       This bill makes changes to existing law relating to Article 
     1, Section 8 which provides that, ``The Congress shall have 
     Power To lay and collect Taxes, Duties, Imposts, and Excises, 
     to pay the debts and provide for the common Defense and 
     general Welfare of the United States; but all Duties, 
     Imposts, and Excises shall be uniform throughout the United 
     States.'' The Secretary of the Treasury is responsible for 
     the collection of any tax at the federal level. It is purview 
     of the Congress to determine which taxes the Secretary shall 
     or shall not collect. Clarifying direction to the Secretary 
     in regards to a foreign financial transaction tax will ease 
     the administrative and compliance burden on the private 
     financial sector and the federal government.