Interstate Commerce Commission (ICC)
(1887–1995) First regulatory agency established in the U.S. and a prototype for independent government regulatory bodies. An agency of the U.S. Department of Transportation, it was responsible for the economic regulation of interstate surface transportation, including railroads, trucking companies, and buslines. It certified carriers, regulated rates, oversaw mergers, and approved railroad construction. The ICC was dissolved in 1995.
This entry comes from Encyclopædia Britannica Concise.
For the full entry on Interstate Commerce Commission (ICC), visit Britannica.com.
Seen & Heard
What made you look up Interstate Commerce Commission (ICC)? Please tell us what you were reading, watching or discussing that led you here.