Free trade: Free trade, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). a
Deficit Reduction Act 2005 Law and Legal Definition. The Deficit Reduction Act of 2005 is a United States Act of Congress concerning the budget. It addresses deficit reductions ranging from education to housing and Medicare to Medicaid. It was signed into law by President Bush on February 8, 2006 after a closely divided Congress approved the legislation.
The Hepburn Act is a piece of legislation passed by the United States Legislature in 1906 whose purpose was to regulate the railroad industry.At the time, monopolistic oil companies wielded their power over the railroads and the Hepburn Act was a measure to check those companiesâ growing power.he Hepburn Act is a piece of legislation passed by the United States Legislature in 1906 whose purpose was to regulate the railroad industry.