Interstate Commerce Commission

What Does Interstate Commerce Commission Mean?

The Interstate Commerce Commission (ICC) was a regulatory body that oversaw transportation systems across the United States. It was established in 1887 in response to public demand for regulation of the railroad industry, which had been engaging in abusive practices. In 1995, President Clinton abolished the ICC, and its remaining personnel were transferred to the Department of Transportation.

Insuranceopedia Explains Interstate Commerce Commission

In the 1800s, the railroad industry became a dominant force, moving people and products more efficiently and quickly than previous modes of land transportation. However, it also began to abuse its power. Without government oversight, railroad owners were able to raise prices at will, causing dissatisfaction among their clients. The ICC was created to address this kind of industry misconduct.

Over time, the ICC’s scope expanded beyond railroads. Through amendments to the original act, it began regulating other forms of transportation, including ships, trucks, and other land vehicles.

Eventually, the commission became controversial, facing accusations of corruption. In response, the federal government reduced its powers and budget, and in 1995, under President Clinton, the ICC was dissolved.