The terms commerce and trade are often used interchangeably, with commerce referring to large-scale business activity and trade describing commercial traffic within a state or a community. The U.S. Constitution, through the Commerce Clause, gives Congress exclusive power over trade activities between the states and with foreign countries. Trade within a state is regulated exclusively by the states themselves. As with any commercial activity, intrastate and interstate trade is oftentimes indistinguishable.
Federal agencies that help in trade regulation include the Department of Commerce (DOC) and the International Trade Administration (ITA).
- The DOC is an agency of the executive branch that promotes international trade, economic growth, and technological advancement.
- The ITA is a branch of the DOC that works to improve the international trade position of the United States.
For additional topics related to trade regulation please refer to Commercial Law.
Federal Material
U.S. Constitution and Federal Statutes
- U.S. Code:
- CRS Annotated Constitution
Federal Regulations
- Title 15 C.F.R. - Commerce and Foreign Trade
- Title 16 C.F.R. - Commercial Practices
- Title 27 C.F.R. - Alcohol, Tobacco Products, and Firearms
- Title 29 C.F.R. - Labor
- Title 46 C.F.R. - Shipping
- Title 48 C.F.R. - Transportation
Judicial Decisions
- U.S. Supreme Court:
State Material
State Statutes
- New York
- California
-
Other State Statutes Dealing with Business and Professions
Additional Sources
- Federal Agencies:
- State Agencies:
[Last updated in June of 2024 by the Wex Definitions Team]