Federal procurement is the process used by national governments to purchase goods and services. Procedures differ between countries, but objectives are similar: increase competition, maximize value received, and promote responsible use of resources. Countries like the US, Canada, Europe, and Australia have their own procurement policies and regulations. Federal procurement is the process used by […]
Federal tax relief is offered to citizens who are unable to pay their federal or state taxes due to valid reasons such as job loss or divorce. There are four main types of relief, including an Offer in Compromise contract and Non-Collectable Status. To receive relief, an appeal must be filed with the IRS or […]
Federal guarantee laws promise to pay a debt if the original debtor is unable to pay the loan. These laws range from student loans to utilities and ensure investor confidence and stability in the banking system. The federal government indemnifies the bank that lends the money, and there are also state warranty laws that operate […]
Federal economic development involves government policies and regulations that promote economic growth, such as tax incentives, infrastructure, education, and attracting businesses. Examples include tax policies and subsidies. However, excessive government intervention can have adverse effects on trade, new business development, and consumer spending. Governments must balance promoting economic growth with considering the greater good and […]
The Federal Reserve System regulates and monitors the US banking system, manages monetary policy, and acts as the central bank. The Federal Reserve Board of Governors oversees the system, and its members are appointed by the President and confirmed by the Senate. The system was created to deal with banking panics and prevent future crises, […]
The Federal Reserve System is the central banking system of the US, created in 1913 to establish economic policies that benefit the country. It consists of the Board of Governors, 12 Federal Reserve Banks, and the Federal Open Market Committee, which sets monetary policy and acts as a lender of last resort. The Fed regulates […]
The Federal Theater Project was part of President Roosevelt’s New Deal plan to provide government funds for plays and entertainment during the Great Depression. It created jobs for struggling artists and provided low-cost entertainment and education. The program was led by Hallie Flanagan, who aimed to use theater as a medium for cultural discussion. The […]
The Federal Energy Regulatory Commission (FERC) regulates interstate transmission of electricity, natural gas, and oil. It has broad regulatory powers, including permitting and inspection of hydroelectric projects, monitoring energy markets, and enforcing reliability standards. FERC is an independent agency within the Department of Energy, with four members appointed by the US president. It recoups its […]
The Federal Reserve Act of 1913 established the US central banking system, the Federal Reserve, to regulate and monitor the country’s credit and financial system. It was the first major legislation to create a central bank, following the dissolution of the First and Second Banks of the United States. The act was designed to tame […]
The US federal government owns and manages various types of land, including national parks, military bases, national forests, and Indian reservations. Different agencies are responsible for managing these lands, and some are open to the public while others have limited access. Historic sites are also located on federal lands, and Indian reservations are mostly found […]
The Federal Acquisition Regulation (FAR) is a complex set of guidelines for entrepreneurs looking to expand into the federal market. It covers government contracts, procurement, and labor laws, and is divided into 53 parts. Small business owners can find more information on government procurement procedures from various online resources. Established by the US federal government, […]
The Federal Bureau of Prisons oversees federal prisons and inmates in the United States, including placement, security, and self-help programs. They also provide programs to help inmates gain skills and transition back into society. Alcatraz, a former maximum security prison, is now a national park. Founded in 1930, the Federal Bureau of Prisons is an […]
The Federalist Era (1789-1801) oversaw the adoption of the US Constitution, the growth of a stronger federal government, and the development of political parties. Federalists supported a strong federal government, while anti-Federalists feared it would violate states’ rights. The Federalist Party, led by Alexander Hamilton, passed tax laws and established a national bank, but their […]
A federal employment attorney specializes in employment law for federal employers and workers, dealing with labor disputes, discrimination cases, and whistleblower retaliation cases. They meet with clients, conduct research, and participate in court sessions to build a case. A federal employment attorney is a licensed attorney who specializes in employment law for federal employers and […]
The Federal Farm Loan Act was passed in 1916 to help small farmers keep up with larger farms. It created the Farm Credit System, which allowed banks to lend up to 50% of the value of land and 20% of improvements. This legislation was part of the Progressive Era, aimed at regulating big business and […]
The federal poverty level is the minimum income required to avoid poverty in the US, calculated annually using a scheme from the 1960s and adjusted for inflation. Poverty levels are used to determine eligibility for state and federal programs, but some criticize the methodology for not accounting for differing living standards. Poverty lines and poverty […]
The US Environmental Protection Agency (EPA) regulates emissions from stationary and mobile engines to reduce pollution and the greenhouse effect. The EPA enforces federal emissions standards, including requiring catalytic converters in cars. The National Low Emission Vehicle Standards program seeks to further reduce automobile emissions through three tiers of regulations. Level three will incorporate California’s […]
The Federalist Papers were written by James Madison, John Jay, and Alexander Hamilton to gain support for the new US Constitution. They established the principles of federalism and advocated for a divided federal government, checks and balances, and judicial review. Despite some skepticism, the papers have become a major policy document still used in interpreting […]
Federal career opportunities range from administrative and court clerks to law enforcement officials, librarians, and curators. They offer job security, high pay, and benefits, with positions available in defense and homeland security, as well as medical and postal services. Retired military personnel can find civilian employment in the Armed Forces. Federal career opportunities range from […]
To become a federal workers compensation attorney in the US, one must complete an undergraduate degree, a doctorate in jurisprudence, pass the bar exam, and be admitted to federal court. The workers’ compensation system provides assistance to injured workers, and an attorney can assist with the claim process or appeal. Common majors for law school […]
