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The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
A congressional charter is a law passed by the United States Congress that states the mission, authority, and activities of a group. Congress has issued corporate charters since 1791 and the laws that issue them are codified in Title 36 of the United States Code. [1] The first charter issued by Congress was for the First Bank of the United ...
For the purposes of International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR), a United States entity is so defined: [1]... a U.S. entity is a firm incorporated in the United States (or an unincorporated U.S. firm with its principal place of business in the United States) that is controlled by U.S. citizens or by another U.S. entity.
The Export–Import Bank of the United States (EXIM) is the official export credit agency (ECA) of the United States federal government. Operating as a wholly owned federal government corporation, the bank "assists in financing and facilitating U.S. exports of goods and services", particularly when private sector lenders are unable or unwilling ...
The official United States Government Manual offers no definition. [ 1 ] [ 2 ] While the Administrative Procedure Act definition of "agency" applies to most executive branch agencies, Congress may define an agency however it chooses in enabling legislation, and through subsequent litigation often involving the Freedom of Information Act and the ...
The federal government of the United States (U.S. federal government or U.S. government) [a] is the common government of the United States, a federal republic located primarily in North America, comprising 50 states, five major self-governing territories, several island possessions, and the federal district (national capital) of Washington, D.C ...
Being a United States citizen is not a prerequisite for incorporating in the state, although there are countries of origin where businesses are ineligible. [21] The state is one of the best in terms of fiscal health, and as a result corporation owners do not have to file personal income taxes. [21]
In England, the government created corporations under a royal charter or an Act of Parliament with the grant of a monopoly over a specified territory. The best-known example, established in 1600, was the East India Company of London. Queen Elizabeth I granted it the exclusive right to trade with all countries to the east of the Cape of Good ...