This report describes the major market and policy forces that determine the general level of interest rates. The discussion is related to the recent economic experience of high interest rates and inflation, but may be generally applied to any economic environment.

This report examines various legal issues raised by Federal and State laws restricting foreign ownership in U. S. property. The report examines the constitutional barriers to Federal and State laws restricting such ownership, and the possible constitutional predicates for Federal legislation regulating foreign ownership of property in the united States. The impact of treaties to which the United States is a party on both Federal and State restrictions on the rights of foreign persons to own U.S. property is also discussed.