Regulatory Agencies ECON

Food and Drug Administration (FDA)

Protects public health by ensuring the safety and security of:
* Human and veterinary drugs
* Biological products
* Medical devices
* Food supply
* Cosmetics
* Products that emit radiation

Part of the US Department of Health and Human Services.

Federal Communications Commission (FCC)

Licenses and regulates:
* Radio and television stations
* Interstate telephone, wire, and satellite communications (including cell phones)

Ensures proper communication standards and practices.

Federal Trade Commission (FTC)

• Polices anti-competitive practices

• Enforces anti-trust laws

• Protects consumers against unfair, deceptive, or fraudulent practices

• Protects consumers from dangerous products

Examples include false advertising and warning labels.

Securities and Exchange Commission (SEC)

Regulates and supervises:
* Sale of listed and unlisted securities
* Brokers, dealers, and bankers involved in securities
* Stops insider trading

Ensures fair and transparent financial markets.

Environmental Protection Agency (EPA)

Protects and enhances the environment through:
* Clean Air Act (1970)
* Clean Water Act (1972)

Focuses on environmental regulations and standards.

National Labor Relations Board (NLRB)

• Prevent and remedy unfair labor practices

• Establish representation desires of employee groups

Ensures fair labor practices and employee rights.

Federal Aviation Administration (FAA)

Responsible for the safety of civil aviation, including:
* Safety Regulation
* Airspace and Air Traffic Management
* Air Navigation Facilities
* Commercial Space Transportation
* Research, Engineering, and Development

Ensures safe and efficient air travel.

Equal Employment Opportunity Commission (EEOC)

Ending employment discrimination based on:
* Race
* Color
* Religion
* Age (40+)
* Gender
* National Origin
* Disability

Federal agency that enforces anti-discrimination laws.

Occupational Safety & Health Administration (OSHA)

Prevent work-related injuries, illnesses, and deaths. Since 1971:
* Occupational deaths cut by 62%
* Injuries declined by 42%

Part of the US Department of Labor.

Consumer Financial Protection Bureau (CFPB)

Regulates consumer protection for:
* Mortgages
* Credit cards
* Debt collectors
* Payday lenders
* Other consumer financial products

Ensures fair treatment in financial services.

What does FDA stand for?

Food and Drug Administration

What does FCC stand for?

Federal Communications Commission

What does FTC stand for?

Federal Trade Commission

What does SEC stand for?

Securities and Exchange Commission

What does EPA stand for?

Environmental Protective Agency

What does NLRB stand for?

National Labor Relations Board

What does FAA stand for?

Federal Aviation Administration

What does EEOC stand for?

Equal Employment Opportunity Commission

What does OSHA stand for?

Occupational Safety and Health Administration

What does CFPB stand for?

Consumer Financial Protection Bureau