Regulatory Commissions

Definition

Regulatory commissions are independent government agencies tasked with overseeing specific industries or sectors and implementing regulatory policies within those areas. They have the authority to enforce rules, issue licenses, conduct investigations, and make decisions regarding industry practices.

Related terms

Federal Trade Commission (FTC): The FTC is an example of a regulatory commission responsible for promoting consumer protection and preventing anti-competitive business practices.

Securities Exchange Commission (SEC): The SEC is another regulatory commission that regulates financial markets and protects investors from fraudulent activities.

Federal Communications Commission (FCC): The FCC is a regulatory commission that oversees communication technologies such as broadcasting, cable television, internet services, etc., to ensure fair competition and protect consumers.