Borrowing Clause

E284998

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

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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 United States government
surface form: 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 Supreme Court of the United States
surface form: 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
Taxing and Spending Clause
surface form: 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.