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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.
Consistent with this power, Congress may require holders of gold coin or gold certificates to surrender them in exchange for other currency not redeemable in gold.
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 ...
28 Αυγ 2024 · Article I, Section 8 grants Congress the exclusive power "to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." This provision underscores the federal government's role in establishing a standardized currency system.
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 to ...
No State shall, without the Consent of Congress, lay any Duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay. ArtI.S10.C3.1 Duties of Tonnage.
2 Αυγ 2024 · The Constitution grants Congress authority over the currency of the United States, encompassing the powers to mint money and determine its value. Additionally, Congress has the authority to establish banks and manage the circulation of money. A corresponding power to the creation of currency is the regulation of counterfeit currency.
