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Congress certainly has the sole right to enact the legislation with which administrative agencies must comply. Moreover, the Congress has an oversight function, and it can and does react when people respond negatively to administrative actions, as occurred in the SSI and disability review examples Derthick, p. 153. Of course, the Court system is the major overseer in the United States. Derthick maintains that courts and administrative agencies perform sufficiently similar roles, making their potential for conflict great Derthick, p. 131. In both the SSI and the review scenarios, court involvement complicated the agency's task, with some…… Private University is selling a share, or something else. At the outset of the Act, "security" is defined as "any note, stock, treasury stock, security future
, security based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit sharing agreement, collateral trust certificate…" and many others are subject to the law. The key is that the security creates a share of income
for the holder, whether in the form of debt or equity. Options for later purchase are also included in the definition of security. The asset in question is a "share" that entitles the bearer to college credits in any school at the future date.