Interstate Commerce Commission
Interstate Commerce Commission definition by Webster's New World
Interstate Commerce Commission - Cultural Definition
A federal agency for regulating commerce that takes place in more than one state. One of its most familiar activities is regulation of trucking.
A federal agency that monitors the business operations of carriers transporting goods and people between states. Its jurisdiction includes railroads, ships, trucks, buses, oil pipelines, and their terminal facilities.
- The ICC was established in 1887 as the first federal agency.
interstate commerce commission - Investment & Finance Definition
A federal agency whose purpose is to protect the public and make sure that the public receives fair and reasonable rates and services from transportation companies. The agency was created in 1887. Many of its regulatory activities were curtailed in the 1970s and 1980s during a period of deregulation.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana. Used by arrangement with John Wiley & Sons, Inc.
interstate commerce commission - Legal Definition