What agencies are responsible for regulating businesses?
In Texas, several agencies are responsible for regulating businesses. At the federal level, the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Labor (DOL) are responsible for regulating the securities and labor markets. At the state level, the Texas Comptroller of Public Accounts (CPA) is responsible for the taxation of businesses. Additionally, the Texas Department of Banking (TDB) is responsible for the regulation of banks, trusts, and other financial institutions. Furthermore, the Texas Department of Insurance (TDI) regulates and monitors the insurance companies operating in the state. Lastly, the Texas Department of Licensing and Regulation (TDLR) is responsible for regulating various professions, including construction and engineering, as well as professional licenses, such as doctors and lawyers. All these agencies work together to ensure that businesses comply with the applicable laws and regulations.
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