[Congressional Record Volume 169, Number 201 (Wednesday, December 6, 2023)]
[House]
[Page H6210]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

            By Mr. THANEDAR:
        H.R. 6650.
        Congress has the power to enact this legislation pursuant 
     to the following:
       Section 8 Article I of the Constitution
       The single subject of this legislation is:
       This bill allows investors a business-related tax credit 
     for investment in a Community Development Financial 
     Institution (CDFI). The applicable percentage of such credit 
     is 3% for the first 10 years of investment in a CDFI with a 
     1% increase after the initial credit allowance date and for 
     investments without a fixed term or duration.