Article I, section 8 of the U.S. Constitution explicitly gives Congress the responsibility to, quote, 'levy and collect taxes and duties,' end quote, and also to, quote 'regulate commerce with foreign nations,' end quote.
Toomey emphasizes Congress's constitutional powers regarding trade regulation.
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It is absolutely essential to investigate any fraud and violations of existing law, and prosecute those who are committing those crimes.
Congress can and should offer a sensible approach for the domestic regulation of these activities.
I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.
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