An independent regulatory agency that implements federal economic regulations controlling railroads, motor carriers, pipelines, domestic water carriers, domestic surface freight forwarders, and brokers.
now-defunct (1995) independent federal agency, created in 1887, that regulated the economics and services of companies and carriers that engaged in transportation between states, such as railroads, truckers, bus lines, pipelines, freight forwarders, water carriers, and others; with deregulation and the transfer of its functions to other agencies such as the Department of Transportation, the commission was folded. First regulatory agency in U.S. history.
a former independent federal agency that supervised and set rates for carriers that transported goods and people between states; was terminated in 1995; "the ICC was established in 1887 as the first federal agency"
independent regulatory agency, which reports to the President. The ICC was created in 1887, and it regulates surface transportation that occurs across state lines. This includes trains, trucks, buses, water carriers, certain pipelines, and other forms of transportation. Among its functions are certifying carriers, regulates their rates and helping ensure that they provide efficient and sufficient service.
When the Supreme Court ruled in the Wabash case that a state's power to regulate railroads was limited, Congress passed the Interstate Commerce Act (1887) creating the ICC, America's first regulatory agency. Originally, it had little real authority.
The Interstate Commerce Commission (or ICC) was a regulatory body in the United States created by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland. The agency was abolished in 1995, and the agency's remaining functions were transferred to the Surface Transportation Board.