Taxes and Business Strategy
Interstate compacts are agreements between two or more states in the U.S. that are designed to address shared concerns and coordinate activities. These legally binding agreements can cover various issues such as resource management, transportation, and environmental protection, and require the consent of Congress to ensure they do not violate federal laws. They play a crucial role in enhancing cooperation among states while navigating complex regulatory environments.
congrats on reading the definition of interstate compacts. now let's actually learn it.