Controversial Books | Page 364

342 Basic Constitutional Concepts cations Commission, or the Securities and Exchange Commission, are quasi-legislative, quasi-executive, and quasi-judicial bodies that lie outside the separation of powers system. The first such commission was the Interstate Commerce Commission, established in 1886; but most are primarily a phenomenon of the twentieth century. Many were created during the New Deal. They are independent in the sense that they are largely free of executive control. The President may appoint the members, but that is about the extent of his influence; and Congress may even prescribe and restrict the causes for which the President may remove them from office. These commissions are quasi-legislative in the sense that Congress has given them a portion of its own law-making authority so they can regulate certain activities, largely commercial in nature, such as the stock market, the licensing of radio and television broadcasting, and various trade practices. Regulations adopted by the commissions are treated as laws and enf