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Identify and Explain the Three Major Standards of Review That

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Essay

Identify and explain the three major standards of review that the Supreme Court uses to judge the constitutionality of state and federal laws that create classifications among citizens.What types of laws trigger review under each standard? Which standard imposes the most difficult burdens on the government defending a law? Why?


Definitions:

Maturity

The date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.

Bond Portfolios

Collections of bonds held by investors or institutions, designed to achieve certain financial goals while managing risk and return.

Indexing

The investment strategy of replicating the performance of a market index, often through passive fund management.

Duration

A measure of the sensitivity of the price of a bond or a fixed income portfolio to changes in interest rates.

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