Independent Agency (Noun)
Meaning
An agency of the United States government that is created by an act of Congress and is independent of the executive departments.
Classification
Nouns denoting groupings of people or objects.
Examples
- The Social Security Administration is an independent agency responsible for implementing the Social Security program.
- Some examples of independent agencies in the United States include the Federal Reserve System and the National Labor Relations Board.
- The Internal Revenue Service is a part of the Department of the Treasury, while the Federal Trade Commission is an independent agency.
- Independent agencies often have their own leadership structures and are funded directly through appropriations from Congress.
- The Securities and Exchange Commission is another independent agency in the United States that aims to protect investors and maintain fair markets.