[Congressional Record Volume 161, Number 135 (Friday, September 18, 2015)]
[House]
[Page H6179]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

            By Mr. BRAT:
        H.R. 3567.
        Congress has the power to enact this legislation pursuant 
     to the following:
       Much financial regulation is purportedly authorized as 
     necessary and proper (Article I, Section 8, Clause 18) for 
     carrying into execution Congress' power to ``provide for the 
     . . . general Welfare of the United States'' (Article I, 
     Section 8, Clause 1) in the form of expenditures associated 
     with federal credit programs. Regardless, Congress has the 
     power to repeal existing statutes whether or not they were 
     passed pursuant to the Constitution's enumerated powers.