Untitled Flashcard Set

What percentage of the total DHS budget is allocated to FEMA?

19 percent.

Name one of the organizations that is part of the Independent Regulatory Boards and Commissions.

Federal Trade Commission (FTC), Federal Reserve Board (FRB), National Labor Relations Board (NLRB), Securities and Exchange Commission (SEC), or U.S. International Trade Commission (USITC).

What distinguishes Independent Regulatory Boards and Commissions from cabinet-level departments?

They are overseen by a board or commission rather than a singular secretary and have more independence from political forces.

How are members of Independent Regulatory Boards and Commissions appointed?

They are appointed by the president with Senate approval.

What is a government corporation?

A government organization that operates similarly to a private corporation but is government-owned.

Give an example of a government corporation.

Amtrak, Federal Deposit Insurance Corporation (FDIC), or U.S. Postal Service.

What is the role of the Office of Management and Budget (OMB)?

Assists the president in assembling budget requests for the executive branch and coordinating programs.

Which body aids the president as the principal research arm for economic policy?

The Council of Economic Advisers (CEA).

What is one major controversy regarding governmental regulation since the 1960s?

Rising political discontent over the scope and content of regulatory activity.

What was the approach to regulation taken by the Obama administration?

Attempted to broaden the scope of regulation to include consumer protection, financial institutions, and affordable health care.