structions: A critical role the government plays in all nations is that of regul
ID: 1096314 • Letter: S
Question
structions: A critical role the government plays in all nations is that of regulating economic and social activities. Your text focuses on some of the regulations and laws set forth by go vernment agencies. These regulat ions and laws can be related to correcting for externalities, producing public goods, or ensuring competitive business behavior. For this writing assignment, choose one of the listed Major U.S.Federal Regulatory Agencies and answer the following Questions 1. What is the mission or goal of the agency? (Please write in your own words 2. Discuss several common laws or regulations enforced by the agency Find a current event news story published sin ce July 1, 2014) that involves your agency and summarize the current event This writing assignment should be approximately 2-3 pages in using Times New Roman 12pt font with 1 inch. margins Major U.S. Federal Regulatory Age gencies Consumer Product Safety Commission (CPSC) h fwww.c enforces federal safety standards Environmental Protection Agency (EPA) http://www.epa.gov/ establishes and enforces pollution standards Equal Employment Opportunity Commission (EEOC) http://www.eeoc.gov/ administers and enforces Title VIII or the Civil Rights Act of 1964 (fair employment) Federal Aviation Administration FAA) h regulat es and promotes air transportation safety, including airports and pilot licensing Federal Communications Commission FCC) fcc.gov re interstate and foreign gulates communication by radio, telephone, telegraph, and television Federal Deposit Insurance Corporation FDIC www.fdic.gov insures bank deposits, approves mergers and audits banking practices Federal Reserve System (the FED) www.federalreserve.gov regulates banking: manages the money supply Federal Trade Commission (FTC http://www.ftc.gov/ ensures free and fair competition and protects consumers from unfair or deceptive practices Food and Drug Administration (FDA) h administers federal food purity laws, drug testing and safety, and cosmetics www nlrb.gov/ prevents or corrects unfair labor practices by either employers or unions Nuclear Regulatory Commission (NRC) httpJIwww.nrc.gov/ licenses and regulates non-military nuclear facilities Occupational Safety and Health Administration (OSHA) https www osha. develops and enforces federal standards and regulations ensuring working conditions Securities and Exchange Commission (SEC) http:/www.sec.gov/ administers federal laws concerning the buying and selling of securitiesExplanation / Answer
Consumer product safety commision:
1. Mission or goals of agency
The major goal of CPSC is to prevent people from severe injury or death (in extreme cases) which could be caused by different types iof coonsumer products under agency's authority. They protect consumers from products that can cause serious accidents like electrical, chemical or mechanical hazards. Main goal is to make sure safety of all consumer related products without involving unreasonable risks.In this way, they tries to decline death rate and they succeeded upto 30 % over past 30 years of service.
2.Common laws and regulations:
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