The term 'Code' in various contexts may refer to the Internal Revenue Code governing federal taxation, source code within computer programs, or compilations of laws like the Motor Vehicle Code.
Legislation designed to curb fees, interest rate increases, and other abusive practices by credit card companies. The legislation went into effect fully in February 2010.
An enabling clause is a provision in most new laws or statutes that gives appropriate officials the power to implement and enforce the law.
General purpose financial statements are annual accounts and reports prepared by companies to serve the needs of a wide range of users, often regarded as compromise documents.
Federal legislation passed in 1985, aimed at reducing the United States federal budget deficit through automatic spending cuts if predefined deficit targets are not met. Officially titled the Balanced Budget and Emergency Deficit Control Act of 1985.
A provision included in new legislation or regulations that exempts certain individuals, businesses, or entities already engaged in regulated activities from complying with new requirements.
The legal system is a set of rules enforced by governmental institutions to regulate human behavior, provides a structure for society, and ensures justice is upheld.
Action with respect to acts, bills, and resolutions or similar items by Congress, a state legislature, local governing body, public referendum, or constitutional amendment. Legislation does not include acts or rulings of executive, judicial, or administrative bodies.
A lobbyist is a person retained with compensation by an individual, group, or organization to influence the formation of legislation or the administration of rules, regulations, and policies.
A statute is a written law created by a legislature under constitutional authority that governs conduct within its scope. Statutes prescribe conduct, define crimes, create subordinate government bodies, appropriate public monies, and promote the public welfare.
A condition in a law or regulation that includes its own expiration date unless specifically reinstated by legislation.
