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Regulatory agencies play a crucial role in ensuring the safety of products and services available to consumers. They establish standards, conduct inspections, and enforce laws to protect public health and safety.
Roles of Regulatory Agencies
These agencies develop regulations that manufacturers and service providers must follow. They also monitor compliance through inspections and testing. When violations occur, they have the authority to impose penalties or recall products.
Key Functions
Regulatory agencies perform several essential functions:
- Setting safety standards for products and services
- Reviewing and approving new products before they reach the market
- Monitoring ongoing compliance through inspections and testing
- Investigating safety concerns and consumer complaints
- Enforcing laws through penalties or product recalls
Examples of Regulatory Agencies
Different agencies oversee various sectors to ensure safety:
- Food and Drug Administration (FDA)
- Consumer Product Safety Commission (CPSC)
- Environmental Protection Agency (EPA)
- Federal Aviation Administration (FAA)