COB 218 Lecture Notes - Lecture 5: Mayo Clinic, Regulatory Flexibility Act, Administrative Law Judge
Document Summary
Cob 218 powers and functions of administrative agencies lecture 5. Consumer financial protection bureau: administrative agencies issue regulations that make up the body of administrative law, administrative law is the body of law created by administrative agencies in order to carry out their duties and responsibilities. Agency creation and powers: congress creates federal administrative agencies. Enabling legislation: statute that specifies the name, purposes, functions, and powers of administrative agency. Federal administrative agencies may exercise only those powers congress has delegated to them: enabling legislation an example, agency powers and the constitution. The administrative process: rulemaking, formulation of new regulation. Agency enforces its rules by conducting investigations to monitor compliance. Investigation might begin when an agency receives a report of possible violation. Resolution of dispute through a hearing by the agency. Judicial deference to agency decisions: agencies have great discretion to interpret their own agency rules.
