Regulatory Bodies 1
Regulates the securities industry to protect investors.
What is the Securities and Exchange Commission (SEC)?
Protects intellectual property through patents and trademarks.
What is the U.S. Patent and Trademark Office (USPTO)?
Protects human health and the environment.
What is the Environmental Protection Agency (EPA)?
One company has exclusive control over a market, limiting competition.
What is a monopoly?
Policies affect the costs and accessibility of importing and exporting goods, shaping business strategies.
What are trade policies?
Regulates civil aviation for safety.
What is the Federal Aviation Administration (FAA)?
Ensures the safety of food and drugs.
What is the Food and Drug Administration (FDA)?
Manages monetary policy and regulates banks.
What is the Federal Reserve System (The Fed)?
Protect workers' rights and ensure fair treatment in the workplace.
What are labor laws?
Government aids these through loans, grants, tax incentives, and access to resources.
What are small businesses?
Prevents unfair business practices and promotes competition.
What is the Federal Trade Commission (FTC)?
Monitors the insurance industry for systemic risk.
What is the Federal Insurance Office (FIO)?
Ensures employees' rights to organize and bargain collectively.
What is the National Labor Relations Board (NLRB)?
Aims to protect natural resources and public health by limiting pollution.
What are government regulations?
Primary role of government in business
What is establishing laws and regulations to promote fair competition, protect consumers, and support economic stability.
Protects investors by insuring securities and cash in case of a firm's bankruptcy.
What is the U.S. Securities Investor Protection Corporation (SIPC)?
Ensures workplace safety and health.
What is the Occupational Safety and Health Administration (OSHA)?
Regulates communications to ensure access and competition.
What is the Federal Communications Commission (FCC)?
Oversees and enforces laws in specific industries to protect public interests.
What are regulatory bodies?
Fosters innovation and competition.
What is minimal government intervention?
Protects consumers in the financial sector.
What is the Consumer Financial Protection Bureau (CFPB)?
Promotes vehicle safety and reduces traffic injuries.
What is the National Highway Traffic Safety Administration (NHTSA)?
Regulates electricity and natural gas transmission for fairness.
What is the Federal Energy Regulatory Commission (FERC)?
Regulations include product safety standards, truth in advertising laws, and data privacy rules.
What are consumer protection regulations?
Protects consumers and promotes fairness.
What is increased government intervention?