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- Federal governmentThe Constitution expressly forbade the states from issuing “bills of credit” or paper money, and instead empowered the federal government to “coin” money1. The United States Mint, which is part of the federal Department of the Treasury in the executive branch, makes coins, while paper money is made by the Bureau of Engraving and Printing2. The amount of money in circulation is regulated by the Federal Reserve, which orders new bills and coins and distributes them to banks2. Congress’s coinage power is exclusive, and it has the power to regulate every phase of currency3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Constitution expressly forbade the states from issuing “bills of credit” or paper money. It also did not delegate the power to issue “bills of credit” or paper money to the federal government. Instead, the Constitution empowered the federal government to “coin” money.www.fff.org/2023/03/17/separate-money-and-the-st…In the United States, coins are made by the United States Mint and paper money is made by the Bureau of Engraving and Printing. Both are part of the federal Department of the Treasury in the executive branch. The amount of money in circulation is regulated by the Federal Reserve, which orders new bills and coins and distributes them to banks.pocketsense.com/branch-government-controls-coin…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 currency.www.law.cornell.edu/constitution-conan/article-1/se…
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WEBLearn how the U.S. Constitution grants Congress the exclusive power to coin money and regulate its value, and how the Supreme Court has interpreted and applied this power. Find out the cases and examples of Congress's authority over currency, banks, and contracts.
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