Question

Congress passed the Securities Exchange Act of 1934, which created the Securities Exchange Commission. This legislation, which created an independent regulator agency, is known as
a. common law.
b. enabling legislation.
c. a Congressional act.
d. administrative law

Answer 1

Answer: (B) Enabling legislative

Explanation:

 According to the given question, the legislation that are created the regulator agency which gives an appropriate officials for implementing the authority for enforce the law that created the securities exchange act in the year 1934.

 The enabling legislative is refers to the legislative body that enabling various types of power for taking the actions in an authorization that are used for establishing the various types of policies in the government.

Therefore, Option (B) is correct.