A bureaucratic institution that operates primarily without executive or legislative oversight is referred to as an independent regulatory agency.
<h3>What are the functions of independent regulatory agencies?</h3>
Independent regulatory agencies are federal agencies that are apart from the executive departments and were established by an act of Congress.
Despite the fact that they are part of the executive branch, these agencies are intended to impose and implement regulations without regard for political considerations.
The regulatory agency is an independent governmental entity formed by statute to develop and enforce standards in a certain field of activity, or operations, in the private sector of the economy.
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