interstate commerce commission Synonyms
No Synonyms and anytonyms found
interstate commerce commission Meaning
interstate commerce commission (n)
a former independent federal agency that supervised and set rates for carriers that transported goods and people between states; was terminated in 1995
interstate commerce commission Sentence Examples
- The Interstate Commerce Commission (ICC) was established in 1887 to regulate railroads and ensure fair business practices.
- The Interstate Commerce Commission played a pivotal role in preventing unfair rate discrimination among railway companies.
- During its existence, the Interstate Commerce Commission was responsible for overseeing the transportation industry to maintain competition.
- The Interstate Commerce Commission's authority extended to investigating and addressing complaints related to rail transportation.
- The dissolution of the Interstate Commerce Commission in 1995 marked a shift in regulatory responsibilities for the transportation sector.
- Historically, the Interstate Commerce Commission wielded significant influence in shaping policies to safeguard the interests of both shippers and carriers.
- The Interstate Commerce Commission Act empowered the regulatory body to set maximum rates to prevent monopolistic practices.
- The Interstate Commerce Commission had a lasting impact on the development of transportation regulations in the United States.
- The creation of the Interstate Commerce Commission addressed concerns about railroad monopolies and provided a framework for fair competition.
- As one of the earliest independent regulatory agencies in the U.S., the Interstate Commerce Commission set precedents for future regulatory bodies.
FAQs About the word interstate commerce commission
a former independent federal agency that supervised and set rates for carriers that transported goods and people between states; was terminated in 1995
No synonyms found.
No antonyms found.
The Interstate Commerce Commission (ICC) was established in 1887 to regulate railroads and ensure fair business practices.
The Interstate Commerce Commission played a pivotal role in preventing unfair rate discrimination among railway companies.
During its existence, the Interstate Commerce Commission was responsible for overseeing the transportation industry to maintain competition.
The Interstate Commerce Commission's authority extended to investigating and addressing complaints related to rail transportation.
