What is Tort Law? Tort law is a branch of civil law that deals with legal disputes arising from wrongful acts or omissions that cause harm to another person or their property. It provides a way for individuals to seek compensation for the injuries or damages they have suffered due … …
The Jones Act: Definition, History, and Costs The history of the Jones Act dates back to the aftermath of World War I when the U.S. government recognized the need to rebuild and strengthen the country’s maritime capabilities. The act was introduced to support the domestic shipbuilding industry and maintain a … …
Definition of the Sherman Antitrust Act The Sherman Antitrust Act is a landmark piece of legislation in the United States that was enacted in 1890. It is named after its sponsor, Senator John Sherman of Ohio, and is considered one of the most important laws in the country’s history. The … …
Importance of the Securities Act of 1933 in Investing The Securities Act of 1933 is a crucial piece of legislation that has had a significant impact on the world of investing. This act was enacted in response to the stock market crash of 1929 and the subsequent Great Depression. Its … …
National Securities Markets Improvement Act (NSMIA) Overview The National Securities Markets Improvement Act (NSMIA) is a federal law in the United States that was enacted in 1996. It was designed to streamline and modernize the regulation of the securities markets, with the goal of promoting capital formation and protecting investors. … …
National Housing Act Overview The National Housing Act is a piece of legislation that was passed by the government to address the housing needs of the country. It was enacted in [year] and has since had a significant impact on the housing market. One of the main goals of the … …
Definition of the Lilly Ledbetter Fair Pay Act The Lilly Ledbetter Fair Pay Act is a federal law in the United States that was signed into law by President Barack Obama on January 29, 2009. It is named after Lilly Ledbetter, a woman who worked for Goodyear Tire & Rubber … …
Investment Company Act of 1940 Definition The Investment Company Act of 1940 is a federal law that regulates investment companies, including mutual funds, closed-end funds, and unit investment trusts. The act was enacted to protect investors and ensure the integrity and transparency of these investment vehicles. Key Provisions Under the … …
Overview of the Investment Advisers Act of 1940 The Investment Advisers Act of 1940 is a federal law that regulates the activities of investment advisers. It was enacted to protect investors and promote fair and honest practices in the investment advisory industry. Purpose The primary purpose of the Investment Advisers … …
Housing and Economic Recovery Act (HERA): Everything You Need to Know The Housing and Economic Recovery Act (HERA) is a significant piece of legislation that was passed by the United States Congress in 2008. It was enacted in response to the subprime mortgage crisis and aimed to stabilize the housing … …
Hart-Scott-Rodino Antitrust Improvements Act Of 1976 Overview Under the HSR Act, parties are required to submit a pre-merger notification to the FTC and the DOJ if the transaction meets certain thresholds. These thresholds are based on the size of the transaction and the size of the parties involved. The notification … …
What is Free on Board (FOB) Shipping? Free on Board (FOB) shipping is a term used in international trade to describe the point at which the seller’s responsibility for the goods being shipped ends and the buyer’s responsibility begins. It is a common term used in contracts and agreements to … …
Family and Medical Leave Act (FMLA) Guide: Essential Information The Family and Medical Leave Act (FMLA) is a federal law that provides eligible employees with unpaid, job-protected leave for certain family and medical reasons. This guide provides essential information about the FMLA and its provisions. Overview of the Family and … …
Fair Labor Standards Act: A Comprehensive Overview and Historical Background The Fair Labor Standards Act (FLSA) is a federal law in the United States that establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local … …
Key Features and History of the Taft-Hartley Act One of the key features of the Taft-Hartley Act is that it allows states to pass “right-to-work” laws, which prohibit unions from requiring workers to join or pay dues as a condition of employment. This provision was seen as a way to … …
Emergency Banking Act of 1933: Definition, Purpose, Importance The Emergency Banking Act of 1933 was a significant piece of legislation passed by the United States Congress in response to the banking crisis during the Great Depression. This act was signed into law by President Franklin D. Roosevelt on March 9, … …
The Purpose of the Dodd-Frank Act One of the main goals of the Dodd-Frank Act is to increase transparency and accountability in the financial industry. It aims to achieve this by requiring financial institutions to disclose more information about their activities and by establishing stricter regulations for certain financial products … …
Overview of Common Law and Civil Law Common law and civil law are two legal systems that are used in different countries around the world. While both systems aim to provide a framework for resolving legal disputes, they have distinct origins, principles, and applications. Common law is a legal system … …
What are Blue Sky Laws? Blue Sky Laws are state regulations that aim to protect investors from fraudulent activities in the securities industry. These laws require companies and individuals selling securities to register with the state securities regulatory agency and provide detailed information about the investment opportunity. The term “Blue … …