6.1 Government and Laws

Bellwork -1/3 Get out your laptop Grab a worksheet from the front table and begin! Put up your laptop when you are finished.

I Can… Identify federal regulator agencies & laws Explain the role of government in a free enterprise system

FDA Food and Drug Administration Federal agency that regulates labeling and safety of food, drugs, and cosmetics sold in the U.S. Protects consumers

CPSC Consumer Product Safety Commission Federal agency responsible for overseeing the safety of all products except food, drugs, cosmetics, medical devices, tobacco products, firearms and ammunition, motor vehicles, pesticides, aircraft, boats, and fixed site amusement rides Protects consumers

EEOC Equal Employment Opportunity Commission Federal agency responsible for the fair and equitable treatment of employees with regard to hiring, firing, and promotions Protects workers

OSHA Occupational Safety and Health Administration Federal agency that provides guidelines for workplace safety and enforces those regulations Protects workers

SEC Securities and Exchange Commission Federal agency that regulates the sale of securities (stocks and bonds), licenses brokerage firms and financial advisers, and investigates dealings among corporations Protects investors

EPA Environmental Protection Agency Federal agency that protects human health and our environment Protects environment

FTC Federal Trade Commission Federal agency responsible for enforcing the principles of a free enterprise system and protecting consumers from unfair or deceptive business practices Protects consumers

Roles of Government Provider of Services Customer Regulator Enforcer of free enterprise Monitor of the economy

Structure of the U.S. Government Executive Branch President Executive Departments Independent Agencies & Corporations Example: USDA inspects, grades, and certifies beef, lamb, pork, and veal

Structure of the U.S. Government Legislative Branch U.S. Congress Debate & vote on laws & regulations Includes: Senate House of Representatives Example: COOL – the country of origin label must be on meat products

Structure of the U.S. Government Judicial Branch Uphold laws & regulations through courts Businesses can appeal laws or regulations that negatively affect business Example: Telecommunication Act of 1996 Phone companies appealed act that would require them to discount competitors’ phone networks

I Can… Identify federal regulator agencies & laws Explain the role of government in a free enterprise system

Think About It… Why were laws involving grades of beef & quality of dairy products created? What might happen if these laws were no longer in place?

Ticket out the Door How does the role of government influence marketing? Name the responsibilities of the FDA.