Sheer & Deer Associates Has Been Hired to do Resea

Sheer & Deer Associates Has Been Hired to do Research for a bank located in Illinois that wishes to expand its services into nearby cities and states. Your supervisor specifically assigns you to research whether there are any federal laws, statutes, or constitutional clauses that will or may affect the expansion. He also requests that you prepare a report discussing the results from your research. Primary Task Response: Within the Discussion Board area, write up 500-750 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas: Your post should discuss the federal laws, statutes, or constitutional clauses that may affect the expansion to cities and states near Illinois. For full credit, you must address the following in your posting: •What are the functions of law, as related to the legal ramifications of this scenario? •Discuss any federal laws that will or may affect the expansion to nearby cities and states. •Discuss any statutes that will or may affect the expansion to nearby cities and states. •Discuss any constitutional clauses that will or may affect the expansion to nearby cities and states. •Research the federal laws, statutes, and constitutional clauses that affected interstate banking before 1994. •What impact did the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 make on the establishment of bank branches? •What impact did laws and regulations enacted after 1994 have on interstate banking