Government and Laws

1
Government and Laws

• Claire Betz
• Jessica Wynn
• Lashea Douglas
• Ronald Thomas

2
The Roles of Government

• Structure of the US government.
• The role of service provider and customer
• The role of regulator
• Enforcer of free enterprise system
• Monitor of our Economy
• Business Supporter
• International Issues

3
Structure of the US government.

• Executive Branch (Office of president and
  executive departments.)
• Administrations have different issues that impact
  business due to economic times and political
  agendas.
• Legislative Branch (The U.S. congress)
• Vote on laws and regulations. Lobbyist try to
  influence the way legislators vote on bills that
  affect their interests.
• Judicial Branch (The Court System)
• Interpret, apply, and administer the laws of the
  United States.

4
The Role of Service Provider and Customer

• The government spends 1/3 of the countrys gross
  domestic product on..
• Border Protection
• Disaster recovery
• Measures of airport security

5
The Role of the Regulator

• Protect Consumers
• Protect Workers
• Protect Investors
• Protect the Environment

6
Protecting Customers

• The Food and Drug Administration- regulates the
  labeling and safety of food, drugs, and
  cosmetics.
• FDA approves new products and reviews products
  already in the market.
• Responds to petitions for action.
• Consumer Product Safety (CPS)- responsible for
  overseeing the safety of products.
• CPSC gives the authority to set standards for
  products that are hazardous and dangerous.

7
Protecting Worker

• The Equal Employment Opportunity Commission
  (EEOC) is responsible for fair and equitable
  treatment of employees with regard to hiring,
  firing, and promotions.
• Occupational Safety and Health Administration
  (OSHA) provides guidelines for workplace safety
  and enforces those regulations

8
Protecting Investors

• Securities and Exchange Commission (SEC)
  regulates the sales of securities. Responsible
  for licensing brokerage firms and financial
  advisers. It also investigates any dealings among
  corporations

9
Protecting The Environment

• Environmental protection agency (EPA) established
  in 1970 to protect human health and our
  environment. Its responsibilities include
  monitoring and reducing air and water, as well as
  overseeing hazardous waste disposal.

10
Monitor of Our Economy

• the government monitors our economy to ensue the
  stability of the United states, and controls our
  monitory supply through the federal reserve

11
Enforcer of the Free Enterprise System

• The Federal Trade Commission enforces..
• Advertising Division
• Enforcement Division
• Financial Division
• Marketing Practice Division
• International Division
• Planning Division

12
Divisions and what they do (EFES continued)

• Advertising Division- Enforces truth-in-advertisin
  g laws.
• Enforcement Division- Ensures compliance with
  laws involving internet.
• Financial Division- Deals with leasing and
  privacy issues.
• Marketing Practices Division- Deals with fraud
  and scams
• International Division- Cross-border sharing
• Planning Division- Helps consumers get
  information

13
Enforcer of the Free Enterprise System (Continued)

• Bureau Competition- Responsibilities involve
  prevention of anti-competitive mergers and
  business practices.
• The federal Trade Commission Act
• The Sherman Antitrust Act
• The Clayton Antitrust Act
• The Hart-Scott-Rodino Amendment to the Clayton
  Act
• The Robinson-Patman Act

14
Acts and what they Do (EFES continued)

• Federal Trade Commission Act- Prohibits unfair
  methods of competition
• Sherman Antitrust Act- Prevents one company from
  undercharging for and item or service in order to
  put compotation out of business
• Clayton Antitrust Act- Reduces loop holes to the
  previous acts
• Hart-Scott-Rodino Amendment to the Clayton Act-
  Requires companies to notify antitrust agencies
  before planning a merger
• The Robinson-Patman Act- Prohibits price
  discrimination

15
Monitor of Our Economy

• the government monitors our economy to ensue the
  stability of the United states, and controls our
  monetary supply through the federal reserve

16
Business Supporter

• Small Business Administration (SBA) is to support
  business and encourage free enterprise system.
  Additional support comes from loan guarantees.

17
International Issues

• Other countries may not provide the legal
  protection to ensure the safety and security of a
  business.
• So it is important to analyze the role of the US
  government in promoting free enterprise and its
  ability to enforce those principles.