by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Office of Foreign Asset Control?The Office of Foreign Asset Control (OFAC) is an agency within the United States Department of the Treasury. It is responsible for gathering Financial intelligence (FININT) about financial entities of interest and enforcing...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Office Of Management And Budget?The largest office within the EOP (Executive Office of the President) of the US is named as the Office of Management & Budget (OMB). Its main responsibility is to generate the operational budget as well as estimate the...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Interstate Commerce Act?The United States Congress passed the Interstate Commerce Act of 1887 to regulate the railroad industry. While the Act did not give the government price control powers, it ensured reasonable and just railroad rates. Under the law,...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Joint Economic Committee?This is a committee which guides congress when making decisions on economic issues. Its principal objectives are assessing the economic conditions and proposing various improvements on policies affecting the economy. The committee...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is the Interstate Commerce Commission?Interstate Commerce Commission was established to regulate the bad habits of railroads. The commission was tasked with overseeing carrier services from state to state. Even though it was the first commission of its kind, it...
by TheBusinessProfessor | Feb 23, 2025 | Government, Legal System, Administrative Law, & Constitutional Law
What is a Civil Society Organization?Civil society is a sector of society (often a business group) devoid of government interference. The term is also used to refer to non-governmental organizations that fight for the well-being of citizens. Where do Civil Society...
