[Congressional Record Volume 169, Number 80 (Thursday, May 11, 2023)]
[House]
[Page H2312]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. LUETKEMEYER:
       H.R. 3242.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article 1; Section 8: To make all Laws Which shall be 
     necessary and proper for carrying into Execution the 
     foregoing Powers, and all other Powers vested by this 
     Constitution in the Government of the United States, or in 
     any Department or Officer thereof.
       The single subject of this legislation is:
       To amend the Federal Reserve Act to establish a permanent 
     Bank Term Funding Program to provide member banks and other 
     depository institutions with short-term liquidity against 
     long-term assets.