Roger Anghis posted an update June 13, 2018 5:46 pm
The Supreme Court Abandons Another Constitutional Safeguard, Only Gorsuch Dissents
Contracts Clause sought to shore up investor confidence by banning legislative meddling with existing contracts. In the century after the Constitution was ratified, the Supreme Court regularly struck down state laws for infringing the Contracts Clause. In fact, by 1890, the Contracts Clause accounted for nearly half of the state laws declared unconstitutional by the High Court. But like far too many other constitutional provisions, the Contracts Clause was largely gutted during the New Deal and became moribund.
So it was a real surprise then that the Supreme Court agree to hear Sveen v. Melin, its first case involving the Contracts Clause in 25 years. Unfortunately, by a vote of 8-1, the Supreme Court decided to ignore the Framers’ original meaning, compelling policy evidence, and common sense when it upheld a Minnesota law that automatically revokes a life insurance designation upon divorce.
Read more here: https://www.yahoo.com/news/m/2a8f9056-7147-3f72-85b5-7e8e8d556639/ss_the-supreme-court-abandons.html