What is the Interstate Commerce Commission (ICC)?
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887.
What is the Interstate Commerce Act of 1887 Quizlet?
Interstate Commerce Act. The Interstate Commerce Act of 1887 (24 Stat. 379 [49 U.S.C.A. § 1 et seq.]) stands as a watershed in the history of the federal regulation of business.
What did the ICC do in 1887?
Years later the ICC would become the model for many other regulatory agencies, but in 1887 it was unique. The Interstate Commerce Act challenged the philosophy of laissez-faire economics by clearly providing the right of Congress to regulate private corporations engaged in interstate commerce.
When was the revised Interstate Commerce Act of 1978 revised?
Now referred to as the Revised Interstate Commerce Act of 1978 (P.L. 95–473), the act was again revised in 1983 (P.L. 97–449) and 1994 (P.L.103–272). The latter revisions and recodifications simplified the language of the act and reorganized certain sections; no major substantive changes were made.
When was the Interstate Commerce Act of 1887 passed?
Citation: Act of February 4, 1887 (Interstate Commerce Act), Public Law 49-41, February 4, 1887; Enrolled Acts and Resolutions of Congress, 1789-; General Records of the United States Government, 1778 – 1992; Record Group 11; National Archives. How to use citation info.
What happened to the International Commerce Commission?
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.
Is the Interstate Commerce Act still in effect?
Interstate Commerce Act 49 App. u.s.c. § 1 et seg. (1988) The Interstate commerce Act was partially repealed and recodified in 1978. However, according to Public Law No. 95-473,
How did the Hepburn Act change the Interstate Commerce Commission?
The Hepburn Act of 1906 and the Mann-Elkins Act of 1910 strengthened the Interstate Commerce Commission, stating the government’s regulatory power more definitively. The Hepburn Act empowered the ICC to change a railroad rate to one it considered „just and reasonable,“ after a full hearing of a complaint.