Black Fact = 1955 (Nov.25) -The Interstate Commerce Commission banned segregation on buses and in waiting rooms used for interstate travel on this date. #theraydiotwins
The Interstate Commerce Commission (ICC) was the first federal regulatory agency in the United States, established by the Interstate Commerce Act of 1887 to regulate railroads. Its original purpose was to curb railroad abuses by preventing discrimination and controlling rates, and its jurisdiction was later expanded to other forms of interstate transportation like trucking and buses. The ICC was abolished in 1995, with its remaining functions transferred to the Surface Transportation Board (STB).
Establishment and purpose
- Established: In 1887, following public outcry over abuses by the railroad industry.
- Original purpose: To regulate railroads to ensure fair practices, including setting uniform rates and preventing discriminatory rebates.
- Expanded responsibilities: Its powers were later extended to other common carriers, including trucking companies, bus lines, and pipelines.
- First regulatory agency: The ICC served as the model for future federal regulatory commissions.
Key functions
- Regulating rates for interstate transportation to ensure fairness.
- Managing labor disputes in interstate transport.
- Consolidating railroad systems.
- Handling complaints of racial discrimination in passenger terminal facilities.
Abolition
- The ICC was abolished in 1995 due to a shift in political attitudes toward deregulation and the rise of free-market principles.
- Its remaining functions were transferred to the Surface Transportation Board (STB).
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