“the united States in Congress assembled, be, and they hereby are vested, with full power, and authority, in the part, and in the behalf of this State, to make and enter into such general ordinances, and treaties for the due regulation of the trade, and commerce of the united States, as they may judge best calculated to promote the weal, and prosperity thereof…”
Act grants the Confederation Congress the power to negotiate commercial treaties and collect duties to be used to pay down Revolutionary War debt. However, contrary to the Articles of Confederation Congress, N.H. agrees only if every other state agrees, as opposed to the two-thirds vote requested.
