Alphabet Soup

 

The Commerce Clause of the U.S. Constitution gives Congress the power to regulate interstate commerce. This includes banking which is indispensable to modern businesses. In the United States, banks are regulated by multiple federal administrative agencies such as the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Office of the Comptroller of the Currency. and the National Credit Union Administration. In the following video, you will see what can happen to a business when there is a conflict between what is legal under state law and what is illegal under federal law. Explain the role of administrative agencies in regulating business Instructions Research the topic and post a response of at least 250 words to the discussion board. Identify and research an administrative agency of the federal government that you did not previously know very much about. For example, don’t choose the IRS and write about how they audit people who cheat on their taxes. Explain one way that the agency regulates businesses and how that protects public welfare. Give your opinion about whether this kind of regulation is beneficial or if it hampers the growth of business too much. Read and respond to at least two other students’ posts and identify something that you thought was surprising or that you did not previously know in your classmate’s post. Each of your responses must be at least 50 words long. Please Note: The discussion forums are set up so that you will not see other students’ posts until you create a thread and post (Step 1 above). Also, once you post, you cannot go back to edit your post so make sure your post completely addresses all that is required in Step 1 (AND that you proofread) before you post. This is to ensure that you are independently creating the content for your first post. When I grade your work, I will be evaluating that first post for its content. If your first post is blank, you will not get credit for Step 1. If you

 

 

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