The National Labor Relations Board (NLRB) is a federal agency created in 1935 to enforce the Wagner Act (National Labor Relations Act, NLRA), the primary law governing relations between unions and employers in the private sector of the U.S. economy.
The Federal Trade Commission (FTC), created in 1914, provides administrative enforcement of ANTITRUST LAWs. Section 5 of the Federal Trade Commission Act prohibits “unfair methods of COMPETITION.” While the CLAYTON ANTITRUST ACT, enacted in the same year, created judicial remedies for some anticompetitive activities, the FTC Act created a commission to review and regulate unfair competition.
The Federal Reserve is the central bank of the United States, issuing currency, directing monetary policy, and supervising commercial banks in the country.
The Federal Deposit Insurance Corporation (FDIC) is a government agency administering federal deposit INSURANCE funds and regulating state-chartered “nonmember” banks. The FDIC is directed by a five-member BOARD OF DIRECTORS, appointed by the U.S. president and approved by the Senate.
The Federal Communications Commission (FCC) is a government agency regulating interstate and international communications by radio, television, wire, satellite, and cable. The FCC was established by the Communications Act of 1934 as part of government regulation of evolving technologies.
The Export-Import Bank of the United States (Ex-Im Bank) is a government-held CORPORATION created in 1934 to finance and facilitate U.S. exports. To stimulate exports to the former Soviet Union at the end of World War II, the Ex-Im Bank supported reconstruction of Europe and Asia.
The U.S. Department of Transportation (DOT) is a federal agency responsible for national transportation policy. The DOT, established in 1966, oversees numerous federal regulatory programs ranging from intermodal transportation to the St. Lawrence Seaway.
The U.S. Department of the Interior (DOI) is the principle federal agency managing public land RESOURCES in the United States. Created in 1849, the DOI manages almost half a billion acres of federal property.
The U.S. Department of Labor (DOL) is a cabinet-level agency in the federal government created in 1913 with a mission “to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working conditions, and to advance their opportunities for profitable employment.”