Table 16.2 Selected Federal Regulatory Agencies and Their Missions Financial Markets Federal Reserve Board Regulates banks and other financial institutions Federal Deposit Insurance Corporation Regulates and insures banks and other financial institutions Securities and Exchange Commission Regulates and requires full disclosure in the securities (stock) markets Commodity Futures Trading Commission Regulates trading in futures markets Product Markets Department of Justice, Antitrust Division Enforces antitrust laws Federal Communications Commission Regulates broadcasting and telephone industries Federal Trade Commission Focuses efforts on consumer protection, false advertising, and unfair trade practices Federal Maritime Commission Regulates international shipping Surface Transportation Board Regulates railroads, trucking, and noncontiguous domestic water transportation Federal Energy Regulatory Commission Regulates pipelines Health and Safety Occupational Health and Safety Administration Regulates health and safety in the workplace National Highway Traffic Safety Administration Regulates and sets standards for motor vehicles Federal Aviation Regulates air and traffic aviation safety Attributed to Libby Rittenberg and Timothy Tregarthen Saylor URL: http://www.saylor.org/books/ Saylor.org 865