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Interstate Commerce Commission
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads (and later Trucking industry in the United States, trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including Intercity bus service, interstate bus lines and telephone companies. United States Congress, Congress expanded ICC authority to regulate other modes of commerce beginning in 1906. Throughout the 20th century, several of ICC's authorities were transferred to other federal agencies. The ICC was abolished in 1995, and its remaining functions were transferred to the Surface Transportation Board. The Commission's five members were appointed by the President of the United States, President with the consent of the United States Senate. This was the first Independent agencies of the United States government, independent agency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surface Transportation Board
The Surface Transportation Board (STB) of the United States is an independent federal agency that serves as an adjudicatory board. The board was created in 1996 following the abolition of the Interstate Commerce Commission (ICC) and absorbed regulatory powers relevant to the railroad industry previously under the ICC's purview.ICC rides into the sunset ''Trains (magazine), Trains'' April 1996 page 18 The STB has broad economic Regulation, regulatory oversight of railroads in the United States, including matters related to the construction, Mergers and acquisitions, acquisition, abandonment of rail lines, railbanking, carrier mergers, and interchange of traffic between carriers and some passenger rail matters. The board also has jurisdiction over the "intercity bus industry, non-energy pipelines, household goods carriers’ tariffs, and rate regulation of non-contiguous domestic water transportation". The board comprises five members nominated by the President, each subject to Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
