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Finance: assesses and collect taxes; borrow money; coin (or print) money and regulate its value; and punish counterfeiters
Commerce: regulate interstate (between states) and foreign trade; establish rules for bankruptcy; establish post offices and post roads; grant patents and copyrights
National defense: declare war; raise and maintain the armed forces; call up state militia to enforce federal laws; suppress insurrections and repel invasions; and punish piracy
Foreign affairs: conduct diplomacy and authorize treaties with foreign countries
All laws 'necessary and proper': in addition to powers above, the Constitution gives Congress the power to make all laws necessary and proper. This is known as the elastic clause because it allows Congress flexibility to expand its powers as necessary to carry out its roles.
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