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ArtI.S8.C5.1 Congress's Coinage Power. Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . .
As a result, the Constitution’s monetary clauses expressly grant Congress the power to coin money and to borrow money by issuing “notes” (i.e., interest-bearing government bonds), but not...
The Seven Money Clauses. Congress shall have power to borrow money on the credit of the United States. ~ Art. I, sec. 8, cl. 2. Congress shall have power to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures. ~ Art. I, sec. 8, cl. 5.
Section 10 Powers Denied States Clause 1 Proscribed Powers No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation ...
2 Αυγ 2024 · Congress and Currency. Article I, Section 8, Clause 5 is known as the coinage clause. It gives Congress the exclusive power to coin money. The Supreme Court has also interpreted clause 5 as giving Congress the sole authority to regulate every aspect of United States currency. The Supreme Court case McCulloch v.
Because Article I, Section 10, Clause 1 of the Constitution prohibits the States from coining money, 1. the Supreme Court has recognized Congress’s coinage power to be exclusive. 2. The Supreme Court has also construed Congress’s power “to coin money” and “regulate the value thereof” to authorize Congress to regulate every phase of ...
Coinage, Weights, and Measures. The power “to coin money” and “regulate the value thereof” has been broadly construed to authorize regulation of every phase of the subject of currency.
