Regulatory Processes
Regulatory processes are the steps taken by government agencies to create and enforce rules that ensure safety, fairness, and compliance in various industries. These processes often involve research, public consultations, and assessments to understand the potential impacts of new regulations on businesses and consumers.
Once regulations are proposed, they typically undergo a review period where stakeholders can provide feedback. After considering this input, agencies finalize the rules, which may include guidelines for compliance and enforcement measures. Examples of regulatory bodies include the Environmental Protection Agency and the Food and Drug Administration.