Administration Food and Drug Administration Regulates food and drug producers; emphasis on purity, labeling, and product safety Consumer Product Safety Commission Regulates product design and labeling to reduce risk of consumer injury Energy and the Environment Environmental Protection Sets standards for air, water, toxic waste, and Agency noise pollution Department of Energy Sets national energy policy Nuclear Regulatory Commission Regulates nuclear power plants Corps of Engineers Sets policies on construction near rivers, harbors, and waterways Labor Markets Equal Employment Opportunity Commission Enforces antidiscrimination laws in the workplace National Labor Relations Board Enforces rules and regulations governing contract bargaining and labor relations between companies and unions Theories of Regulation Competing explanations for why there is so much regulation range from theories that suggest regulation protects the public interest to those that argue regulation protects the producers or serves the interests of the regulators The distinction corresponds to our discussion in the last chapter of the public interest versus the public choice understanding of government policy in general Attributed to Libby Rittenberg and Timothy Tregarthen Saylor URL: http://www.saylor.org/books/ Saylor.org 866