Federal Legislation

Federal Farm Loan Act: Establishment of the Farm Credit System
The Federal Farm Loan Act is a crucial piece of legislation passed in 1916 that led to the establishment of the Farm Credit System (FCS), aimed at providing long-term credit to farmers.
Compulsory Retirement: Forced Resignation from Employment
Compulsory retirement, also known as mandatory retirement, refers to the enforcement of an employee's resignation at a specified age, traditionally around 65 years. Federal legislation as of January 1, 1979, prohibits such policies in the private sector.
Consolidated Omnibus Budget Reconciliation Act (COBRA): Continuation of Health Coverage
An overview of COBRA, a federal legislation that requires group health plans sponsored by employers with 20 or more employees to offer continuation of health coverage to former employees and their dependents.
Equal Credit Opportunity Act: Ensuring Fair Credit Practices
An in-depth look at the Equal Credit Opportunity Act, federal legislation aiming to prohibit discrimination in credit transactions based on personal characteristics and financial status.
Gramm-Rudman-Hollings Amendment: Federal Deficit Reduction Legislation
An overview of the Gramm-Rudman-Hollings Amendment, a federal legislation passed in 1986 aimed at reducing budget deficits by setting deficit reduction goals and mandating expenditure reductions if Congress fails to meet these goals.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.