A regulatory commission or agency is an organization created by the government with the purpose of enforcing specific regulations on a certain part of the economy. The United States was the first country to create this type of agency.Continue Reading
The U.S. created the Interstate Commerce Commission in 1887. Although this agency was disbanded in 1996, it was established to oversee the railroads. The agency was expanded to other types of travel as they developed, and it was the forerunner of other commissions like it.
The United States still has many of these types of agencies, including the Federal Energy Regulatory Commission and the U.S. Nuclear Regulatory Commission. The purpose of the Federal Energy Regulatory Commission is to provide standards for all forms of energy used in the U.S., such as gas, oil, natural gas, electricity and water power. It seeks to make energy costs affordable for consumers but also to make sure the extraction and transportation of energy resources is done in a safe and responsible manner.
The U.S. Nuclear Regulatory Commission oversees any use of nuclear material, from power to medicine. Its main purpose is to enforce safety codes so that nuclear material does not harm humans or plant and animal life in the U.S.Learn more about Branches of Government
The Oklahoma Tax Commission is the government agency responsible for collecting taxes, fees and licenses in Oklahoma. The Tax Commission also distributes funds to cities, counties and school districts throughout the state, as the Commission's website explains.Full Answer >
A traditional business is typically an organization that is a store, restaurant or agency. These types of businesses offer consumers some kind of service or product.Full Answer >
FINRA is the Financial Industry Regulatory Authority, an independent, non-profit organization tasked by Congress to ensure the securities industry operates fairly and according to government regulations. FINRA examines firms to ensure compliance with finance and securities policies. These efforts seek to protect investors and promote transparency.Full Answer >
Consumer Affairs is not a government agency, but is rather an Internet-based consumer resource center that operates independently of any consumer organization. Consumer Affairs is also a for-profit organization and generates revenue by placing ads on its website through third-party agencies.Full Answer >