Interstate Commerce Commission
The Interstate Commerce Commission (ICC; 1887 - 1995) was a government regulatory body in the United States created by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland.
Related Topics:
Government - Regulatory - United States - Interstate Commerce Act of 1887 - President - Grover Cleveland
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The Commission's seven members were appointed by the President with the consent of the Senate. This was the first independent agency or so-called "Fourth Branch" agency. The ICC's original purpose was to regulate railroads (and later the trucking industry) to ensure fair rates, eliminate rate discrimination, and to regulate other aspects of common carriers.
Related Topics:
President - Senate - Independent agency - Fourth Branch - Railroad - Truck - Common carrier
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~ Table of Content ~
| ► | Introduction |
| ► | Creation |
| ► | As an example of regulatory capture |
| ► | Relationship between regulatory body and the regulated |
| ► | Abolition |
| ► | Legacy |
| ► | References |
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