[Congressional Record Volume 159, Number 166 (Wednesday, November 20, 2013)]
[House]
[Pages H7310-H7311]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. AMASH:
       H.R. 3550.
       Congress has the power to enact this legislation pursuant 
     to the following:

[[Page H7311]]

       Federal credit programs such as loans, loan guarantees, and 
     insurance are purported to be authorized under the 
     Constitution as ``necessary and proper'' (U.S. Const. art. I, 
     Sec. 8, cl. 18) extensions of Congress's powers ``To lay and 
     collect Taxes, Duties, Imposts and Excises, to . . . provide 
     for the. . . general Welfare of the United States'' (U.S. 
     Const. art. I, Sec. 8, cl. 1) or ``to regulate Commerce . . . 
     among the several States'' (U.S. Const. art. I,Sec. 8, cl. 
     3).
       Some provisions in this bill repeal existing sections of 
     statute. Congress has the implied power to repeal laws that 
     exceed its constitutional authority as well as laws within 
     its constitutional authority.
       The bankruptcy reforms requested from committees of 
     jurisdiction are authorized by Congress's power ``To 
     establish . . . uniform Laws on the subject of Bankruptcies 
     throughout the United States'' (U.S. Const. art. I, Sec. 8, 
     cl. 4).