[Congressional Record Volume 170, Number 110 (Tuesday, July 2, 2024)]
[House]
[Page H4452]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

            By Mr. FERGUSON:
        H.R. 8913.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Pursuant to clause 7 of rule XII of the Rules of the House 
     of Representatives, the following statement is submitted 
     regarding the specific powers granted to Congress in the 
     Constitution to enact the accompanying bill or joint 
     resolution. Congress has the power to enact this legislation 
     pursuant to the following: ``Clause 1 of section 8 of article 
     I of the Constitution, to ``provide for the common defense 
     and general welfare of the United States.''
       The single subject of this legislation is:
       To amend the Internal Revenue Code of 1986 to exclude 
     certain students from the calculation to determine if certain 
     private colleges and universities are subject to the excise 
     tax on net investment income, and for other purposes.