Lawless Policy: Tarp as Congressional Failure

  title={Lawless Policy: Tarp as Congressional Failure},
  author={J. Samples},
  journal={Legislation \& Statutory Interpretation eJournal},
  • J. Samples
  • Published 2010
  • Political Science
  • Legislation & Statutory Interpretation eJournal
The U.S. Constitution vests all the "legislative powers" it grants in Congress. The Supreme Court allows Congress to delegate some authority to executive officials provided an "intelligible principle" guides such transfers. Congress quickly wrote and enacted the Emergency Economic Stabilization Act of 2008 in response to a financial crisis. The law authorized the secretary of the Treasury to spend up to $700 billion purchasing troubled mortgage assets or any financial instrument in order to… Expand
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