What Did Congress Do in 1995 to Reduce Overregulation

question 14

Multiple Choice

What did Congress do in 1995 to reduce overregulation?

• A)It cut funding for regulatory agencies like the EPA and Securities and Exchange Commission.
• B)It passed the Airlines Deregulation Act,which eliminated government-set airfares and the requirement that airlines provide service to smaller-sized cities.
• C)It restricted the president's ability to directly request administrative regulations from agency heads.
• D)It cut the budget of the Food and Drug Administration.
• E)It enacted legislation that prohibits administrators in some instances from issuing a regulation unless they can show that its benefits outweigh its costs.

---

Definitions:

Utmost Good Faith

A principle that obliges all parties to an insurance contract to act honestly and disclose all relevant facts.

Real Estate Agent

A licensed professional who represents buyers or sellers in real estate transactions, facilitating the process of buying, selling, or renting property.

Duty

A moral or legal obligation; a responsibility that one is bound to perform or fulfill.

Document Package

A set of documents grouped together, often for a specific purpose or requirement.