[Congressional Record Volume 169, Number 62 (Thursday, April 13, 2023)]
[House]
[Page H1727]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. McHENRY:
       H.R. 2605.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article 1, Section 8, Clause 3:
       To regulate commerce with states, other nations, and Native 
     American tribes.
       Article 1, Section 8, Clause 18:
       Authority to create laws that are necessary and proper to 
     carry out the laws of the land
       The single subject of this legislation is:
       Updates the mandatory registration threshold of 2,000 or 
     more holders of record shall exclude Qualified Institutional 
     Buyers (QIBs) and institutional accredited investors.