The Sinking Fund Commission has come up several times. Historians & legal scholars regard it as the nation’s first #independent agency. Created in 1790 by the first #Congress, the 5-member commission approved payments to settle America’s Revolutionary War debts.
The commission’s structure was proposed by #AlexanderHamilton, who saw it as a way to insulate members from #political pressures.
#law #HumphreysExecutor #SCOTUS #ActivistCourt #Trump #Autocracy #power #SeparationOfPowers 🧵
The group included some members – like the vice president – who could not be fired at will by the president. #Hamilton, then the Treasury Secy, served on the first Sinking Fund Commission alongside Secy of State #ThomasJefferson, his bitter political rival.
#law #HumphreysExecutor #SCOTUS #ActivistCourt #Trump #Autocracy #power #ExecutiveBranch #SeparationOfPowers #Congress 🧵