[Congressional Record Volume 170, Number 127 (Friday, August 2, 2024)]
[House]
[Page H4973]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. LaHOOD:
       H.R. 9267.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article I, Section 8 of the U.S. Constitution--Congress has 
     the power ``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:
       The bill will amend the Internal Revenue Code of 1986 to 
     clarify the tax-exempt controlled entity rule with respect to 
     certain stock of government-sponsored enterprises.