Investments glossary

Occupational Safety And Health Act

The Occupational Safety and Health Act of 1970 was passed to promote safer workplace conditions in the US. The law established the federal Occupational Safety and Health Administration (OSHA), which sets and enforces workplace health and safety standards, and the National Institute for Occupational Safety and Health (NOSH), the federal agency that conducts research and recommends solutions for the prevention of work-related illnesses and injuries. In some parts of the country, an OSHA-approved state agency helps enforce job safety standards, which must be at least as stringent as federal guidelines.

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