U.S. Laws and Regulations - 1 or more employees Flashcards
1 or More Employees
This legislation modified the Sherman Anti-Trust Act. Prohibits M&As that would lessen competition (1914).
The Clayton Act
Limits the amount of wages that can garnished by employer - usually 25% max (1968).
The Consumer Credit Protection Act
Precludes a federal contractor/subcontractor from inducing an employee to give up any part of his or her wages to the employer for the benefit of having a job (1934).
The Copeland “Anti-Kickback” Act
Protection of original works (1976)
The Copyright Act
Requires contractors/subcontractors on certain federally funded construction projects over $2k in U.S. to pay wages/fringe benefits at least equal to prevailing wages where the work is performed - applies only to laborers & mechanics (1931)
The Davis-Bacon Act
Mandates affecting all federal financial regulatory agencies and financial services industry - nonbinding vote for shareholders on exec compensation, golden parachutes, CEO pay transparency, etc. (2010)
The Dodd-Frank Wall Street Reform and Consumer Protection Act
Modifications for adjusting pension vesting schedules, increasing retirement plan limits, pre-tax catch-up contributions for those over 50 and changing distribution/rollover rules (2001)
The Economic Growth and Tax Relief Reconciliation Act (EGTRRA)
Provides rules for the access, use, disclosure, interpretation, and privacy of electronic communications (i.e. “This call may be monitored…”) (1986)
The Electronic Communications Privacy Act (ECPA)
Prohibits the use of lie detector tests for job applicants and employees of companies engaged in interstate commerce with limited exceptions (1988)
The Employee Polygraph Protection Act
Governs how pension plans are managed once they are established and that they are maintained in a fair manner, minimum vesting schedules req. Protects employee pension losses due to job changes, plant closings, etc. Public Sector/churches exempt (1974)
The Employment Retirement Income Security Act (ERISA)
Prohibits employer discrimination on the basis of sex (1963)
The Equal Pay Act
Amended the Railway Labor Act - includes railroad and airline industries (2012)
The FAA Modernization and Reform Act
Amended the Fair Credit Reporting Act (FCRA) - employers not required to obtain employee consent if investigation involves misconduct (2003)
The Fair and Accurate Credit Transactions Act (FACT)
Regulates the collection, dissemination, and use of consumer information (credit, background). Must notify in writing and receive written authorization if a credit report may be used in making employment decisions (1970)
The Fair Credit Reporting Act (FCRA)
The foundation for employer treatment - pay, hours worked, exempt v non-exempt, recordkeeping, overtime, etc. (1938)
The Fair Labor Standards Act (FLSA)
Prohibits American companies from making bribery payments to foreign officials to obtain or keep business (1997)
The Foreign Corrupt Practices Act (FCPA)
Provides privacy requirements for medical records. Ensures individuals who leave/lose jobs can obtain health coverage even with pre-existing conditions (1996)
The Health Insurance Portability and Accountability Act (HIPAA)
The first law to deal with immigration issues. List “aliens” in 3 categories:
1. Resident or nonresident
2. Immigrant or nonimmigrant
3.Documented and undocumented
(1952)
The Immigration and Nationality Act (INA)
Requires security breach notifications if health records disclosed w/o authorization (2009)
The Health Information Technology for Economic and Clinical Health Act (HITECH)
Requires new employees to prove both identity and right to work in this country. Created Form I-9 (1986)
The Immigration Reform and Control Act (IRCA)
Provides guidelines for determining reasonable compensation for executives of nonprofit organizations (2002)
The IRS Intermediate Sanctions
The first national legislation to place control on unions. Also called the Taft-Hartley Act (1947)
The Labor-Management Relations Act (LMRA)