Define: Interstate Commerce Commission

Interstate Commerce Commission
Interstate Commerce Commission
Quick Summary of Interstate Commerce Commission

The Interstate Commerce Commission, established in 1887, was a government agency responsible for regulating interstate transportation. Its main objectives were to ensure the safety of carriers and pipelines and to enforce fair pricing. However, in 1995, the agency was abolished and its responsibilities were transferred to the Surface Transportation Board. On the other hand, the Interstate Compact on the Placement of Children is a collaborative agreement among states to facilitate the adoption and placement of children across state lines. The primary aim of this agreement is to ensure the safety of children and to streamline the process. This compact has been implemented in all 50 states and the District of Columbia to prevent conflicts between different agencies and courts.

Full Definition Of Interstate Commerce Commission

The Interstate Commerce Commission (ICC) was established in 1887 as a federal agency to regulate surface transportation between states. Its main responsibilities included certifying carriers and pipelines, as well as monitoring quality and pricing. However, in December 1995, Congress abolished the ICC and transferred most of its duties to the Surface Transportation Board (STB), a division of the Department of Transportation. The STB now handles tasks such as ensuring that trucking companies comply with safety regulations and charge fair prices when transporting goods across states, which were previously the responsibility of the ICC.

Similarly, the Interstate Compact on the Placement of Children (ICPC) is an agreement among states to facilitate the placement or adoption of children across state lines. The purpose of this compact is to promote cooperation between states and protect the well-being of children involved in such placements. It helps ensure that states work together to assess the suitability of prospective adoptive homes in interstate adoptions and resolves conflicts that often arise when multiple states are involved. For instance, if a child is being adopted from Texas by a family in California, the ICPC ensures that both states collaborate to ensure the child’s safety and welfare. The ICPC has been enacted in nearly identical form in all 50 states, as well as in the District of Columbia and the Virgin Islands.

Interstate Commerce Commission FAQ'S

The Interstate Commerce Commission (ICC) was a regulatory agency established by the United States government in 1887 to oversee and regulate the activities of the railroad industry.

The ICC was primarily responsible for regulating rates, practices, and services of common carriers engaged in interstate transportation, including railroads, trucking companies, and pipelines.

The ICC was abolished in 1995 with the passage of the ICC Termination Act, which transferred its remaining functions to the Surface Transportation Board.

The Surface Transportation Board (STB) is the successor agency to the ICC and is responsible for economic regulation of various modes of transportation, including railroads.

The ICC had the power to set and regulate rates, approve or disapprove mergers and acquisitions, investigate complaints, and enforce compliance with its regulations.

Initially, the ICC’s jurisdiction was limited to railroads, but over time, its authority expanded to include other modes of transportation, such as trucking and pipelines.

The ICC played a crucial role in regulating the railroad industry, ensuring fair competition, preventing monopolies, and protecting the interests of both shippers and consumers.

The ICC faced criticism for being slow, bureaucratic, and ineffective in adapting to the changing transportation landscape. The ICC Termination Act aimed to streamline regulatory processes and reduce government intervention.

The Surface Transportation Board (STB) took over the regulatory functions of the ICC, focusing on economic regulation and oversight of the transportation industry.

While the ICC itself no longer exists, its legacy and influence can still be seen in the regulatory framework governing the transportation industry. The STB continues to regulate and oversee various aspects of interstate transportation.

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This glossary post was last updated: 17th April 2024.

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