In 2010, the Fair Sentencing Act Was Passed to Reduce

question 66

Essay

In 2010, the Fair Sentencing Act was passed to reduce the disparity between federal sentencing rules for crack and powder cocaine, reducing the disparity from 100:1 to 18:1. The bill did not apply retroactively, thus, thousands in federal prisons were incarcerated only because they were sentenced before 2010 and would have received much shorter sentences if sentenced under the new law. You are senator in a state has overcrowded prisons, many of whom have been in prison for decades based on crack cocaine violations. How will you convince your constituents (and governor)to grant these prisoners clemency?

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Definitions:

Maturity Date

The date on which the principal amount of a loan, bond, or other financial instrument is due to be paid in full.

Yield

The income return on an investment, such as the interest or dividends received from holding a particular security.

Annually Compounded

The process where interest is added to the principal sum of a loan or deposit once a year.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, shown as a percentage of the investment's starting price.