SHRM Exam: US Laws and Regulations
QUESTIONS AND ANSWERS
Nine Behavioral Competencies - ANSWER>>Leadership and navigation, business
acumen, ethical practice, relarionship management, consiltsrion, analytical
aptitude, global mindset and cumtural effectiveness, communication, diversity
equiry and inclusion
Clayton Act - ANSWER>>Act that minimally restricted the use of injunctions
against labor and legalized peaceful strikes, picketing, and boycotts. And prohibits
a single person of being a director of two or more competing corporations
Consumer Credit Protection Act - ANSWER>>Act that limits the amount of wages
that can be garnished or withheld in any one week by an employer to satisfy
creditors. Usually max of 25%
The Copeland Anti-kickback Act - ANSWER>>Prohibits inducing an employee to
give up and part of his/her compensation to which he/she is entitled to under a
contract of employment
Copyright Act of 1976 - ANSWER>>a law that recognizes the rights of an individual
creator (in any medium) from the time he or she has created a work and that
protects a creative work for the lifetime of that author plus 70 years
Davis-Bacon Act of 1931 - ANSWER>>This law requires the payment of "prevailing
wages" to employees of contractors and subcontractors working on government
construction projects.
Dodd-Frank Act of 2010 - ANSWER>>Expanded the Fed's regulatory authority over
non-depository financial institutions
, EGTRRA - ANSWER>>2001, allows for "catch-up" provisions for those 50 and older
for retirement plans and also provided for rollovers to an IRA for participants in a
government employee's 457 plan
ECPA (Electronic Communications Privacy Act) - ANSWER>>Restricts the
interception or monitoring of oral and wire communications unless the
interception or monitoring is undertaken for a business purpose or by consent
Employers may monitor employees' emails and communications with some
exemptions
Employee Polygraph Protection Act of 1988 - ANSWER>>Federal law that
prohibits the use or suggestion of lie detector tests in most employment
situations
ERISA (Employee Retirement Income Security Act of 1974) - ANSWER>>Federal
law that sets minimum standards for most voluntarily established pension and
health plans in private industry to provide protection for individuals in these
plans.
Equal Pay Act of 1963 - ANSWER>>Legislation that requires employers to pay men
and women equal pay for equal work
The FAA Modernization and Reform Act (2012) - ANSWER>>Amendment to the
Railway Labor Act to change union certification election processes in the railroad
& airline industries & impose greater oversight of the regulatory activities of the
National Mediation Board (NMB).
Fair and Accurate Credit Transactions Act of 2003 - ANSWER>>consumers are
allowed to alert the credit-rating agencies when they believe they have become
the victim of identity theft
Fair Credit Reporting Act - ANSWER>>Act that protects privacy of background
information and ensures that information supplied is accurate.
QUESTIONS AND ANSWERS
Nine Behavioral Competencies - ANSWER>>Leadership and navigation, business
acumen, ethical practice, relarionship management, consiltsrion, analytical
aptitude, global mindset and cumtural effectiveness, communication, diversity
equiry and inclusion
Clayton Act - ANSWER>>Act that minimally restricted the use of injunctions
against labor and legalized peaceful strikes, picketing, and boycotts. And prohibits
a single person of being a director of two or more competing corporations
Consumer Credit Protection Act - ANSWER>>Act that limits the amount of wages
that can be garnished or withheld in any one week by an employer to satisfy
creditors. Usually max of 25%
The Copeland Anti-kickback Act - ANSWER>>Prohibits inducing an employee to
give up and part of his/her compensation to which he/she is entitled to under a
contract of employment
Copyright Act of 1976 - ANSWER>>a law that recognizes the rights of an individual
creator (in any medium) from the time he or she has created a work and that
protects a creative work for the lifetime of that author plus 70 years
Davis-Bacon Act of 1931 - ANSWER>>This law requires the payment of "prevailing
wages" to employees of contractors and subcontractors working on government
construction projects.
Dodd-Frank Act of 2010 - ANSWER>>Expanded the Fed's regulatory authority over
non-depository financial institutions
, EGTRRA - ANSWER>>2001, allows for "catch-up" provisions for those 50 and older
for retirement plans and also provided for rollovers to an IRA for participants in a
government employee's 457 plan
ECPA (Electronic Communications Privacy Act) - ANSWER>>Restricts the
interception or monitoring of oral and wire communications unless the
interception or monitoring is undertaken for a business purpose or by consent
Employers may monitor employees' emails and communications with some
exemptions
Employee Polygraph Protection Act of 1988 - ANSWER>>Federal law that
prohibits the use or suggestion of lie detector tests in most employment
situations
ERISA (Employee Retirement Income Security Act of 1974) - ANSWER>>Federal
law that sets minimum standards for most voluntarily established pension and
health plans in private industry to provide protection for individuals in these
plans.
Equal Pay Act of 1963 - ANSWER>>Legislation that requires employers to pay men
and women equal pay for equal work
The FAA Modernization and Reform Act (2012) - ANSWER>>Amendment to the
Railway Labor Act to change union certification election processes in the railroad
& airline industries & impose greater oversight of the regulatory activities of the
National Mediation Board (NMB).
Fair and Accurate Credit Transactions Act of 2003 - ANSWER>>consumers are
allowed to alert the credit-rating agencies when they believe they have become
the victim of identity theft
Fair Credit Reporting Act - ANSWER>>Act that protects privacy of background
information and ensures that information supplied is accurate.
