Borrowing Clause

E284998

The Borrowing Clause is the constitutional provision granting Congress the power to borrow money on the credit of the United States.

All labels observed (1)

Label Occurrences
Borrowing Clause canonical 1

How this entity was disambiguated

Statements (30)

Predicate Object
instanceOf constitutional clause ⓘ
provision of the United States Constitution ⓘ
alsoKnownAs Borrowing Power Clause ⓘ
appliesTo federal government of the United States ⓘ
bindingOn all branches of the federal government ⓘ
category Fiscal powers of Congress ⓘ
United States constitutional law ⓘ
citedIn cases concerning federal debt authority ⓘ
confersAuthority power to borrow money on the credit of the United States ⓘ
distinguishedFrom Public Debt Clause of the Fourteenth Amendment ⓘ
effectiveSince 1789 ⓘ
enables federal borrowing through instruments such as bonds and notes ⓘ
governs borrowing on the credit of the United States rather than on the credit of individual states ⓘ
grantsPowerTo United States Congress ⓘ
historicalContext included by the Framers to ensure the national government could finance its operations and debts ⓘ
interpretedAs granting broad discretion to Congress in choosing borrowing instruments ⓘ
interpretedBy United States Supreme Court ⓘ
legalEffect authorizes the United States to incur public debt ⓘ
supports validity of federal securities issued by the Treasury ⓘ
locatedInArticle Article I of the United States Constitution ⓘ
locatedInDocument United States Constitution ⓘ
locatedInSection Section 8 of Article I of the United States Constitution ⓘ
partOf enumerated powers of Congress ⓘ
ratifiedWith original text of the United States Constitution ⓘ
relatedTo Necessary and Proper Clause ⓘ
Spending Clause ⓘ
Taxing Clause ⓘ
subjectOf United States Supreme Court jurisprudence ⓘ
constitutional law scholarship ⓘ
textBeginsWith "The Congress shall have Power To borrow Money on the credit of the United States" ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.