Federal Agencies

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14 Terms

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Food and Drug Administration (FDA 1906)

sets and provides standards for food, drugs, and cosmetic products

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Federal Reserve System (FED - 1913)

regulates banking and manages the money supply

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Federal Trade Commission (FTC - 1914)

enacts and enforce antitrust laws to protect consumers

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Federal Deposit Insurance Corporation (FDIC - 1933)

insures bank deposits, approves mergers, and audits banking practices

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Federal Communication Commission (FCC - 1934)

regulates interstate and international communications by radio, television, wire satellite, and cable

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Securities and Exchange Commission (SEC - 1934)

administers federal laws concerning the buying and selling of securities

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National Labor Relations Board (NLRB - 1935)

prevents or corrects unfair labor practices by either employers or unions

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Federal Aviation Administration (FAA - 1958)

regulates civil aviation, air-traffic and piloting standards, and air commerce

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Equal Employment Opportunity Commission (EEOC - 1964)

promotes equal job opportunity through enforcement of civil rights laws, education, and other programs

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Environmental Protection Agency (EPA - 1970)

enacts policies to protect human health and the natural environment

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Occupational Safety and Health Administration (OSHA - 1970)

enacts policies to save lives, prevent injuries, and protect the health of workers

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Consumer Product Safety Commission (CPSC - 1972)

enacts policies for reducing risks of harm form consumer products

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Nuclear Regulatory Commission (NRC - 1974)

regulates civilian use of nuclear products

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Surface Transportation Board (STB - 1995)

resolves railroad rate and service disputes and reviews proposed mergers. Oversees certain trucking company, moving van, and shipping company rates