[Congressional Record Volume 170, Number 10 (Thursday, January 18, 2024)]
[House]
[Page H241]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

            By Mr. CALVERT:
        H.R. 7033.
        Congress has the power to enact this legislation pursuant 
     to the following:
       The constitutional authority of Congress to enact this 
     legislation is provided by Article I, Section 8 of the United 
     States Constitution, specifically clause 1 and clause 18.
       The single subject of this legislation is:
       To amend the Internal Revenue Code of 1986 to apply a 6 
     percent excise tax on large endowments of certain private 
     colleges and universities.