Interstate Commerce Commission
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States established in 1887. Its primary purpose was to oversee and regulate the railroad industry, ensuring fair rates and eliminating monopolistic practices. The ICC aimed to protect consumers and promote competition among transportation providers.
Over time, the ICC's responsibilities expanded to include other forms of transportation, such as trucking and shipping. However, it was eventually dissolved in 1995, with its functions transferred to the Surface Transportation Board (STB). The ICC played a significant role in shaping transportation policy in the U.S. during its existence.