CJS E211 Lecture Notes - Lecture 4: Federal Reserve System, Land Banking, Commerce Clause
Document Summary
Gov"t derives substantial portion of its influence from powers that are independent of. Power to tax, power to spend, power to borrow and coin money. Direct taxes must be apportioned among the states. All custom duties and excise taxes must be uniform throughout united. Not duties may be levied from any state. Power upheld as long as it does not violate a specific constitutional limitation. U. s constitution grants congress the power to borrow money on the credit of on federal power the united states and to coin money. Governments power to take private property for public use. Is recognized in the federal constitution and in the constitutions of the states. Requires relationship to a legitimate gov"t interest that the regulation will attempt to further. Requires that regulation be necessart to promote a compelling gov"t interest. Regulation must have a substantial relationship to an important gov"t objective. Restrjct states from retroactively modifying public charters and private.
