Also, the Act established the
Interstate Commerce Commission as a regulatory agency to implement the law.
Although the creation of the
Interstate Commerce Commission in 1887 provided a potential administrative regulatory model for antitrust legislation, very little consideration was given in 1890 to an administrative model that might preempt state law.
After meeting with industry officials, the White House had concluded that consolidating the economic regulatory functions of the Civil Aeronautics Board,
Interstate Commerce Commission, and the Federal Maritime Administration in the new department would be highly controversial.
Morawetz asserted that he believed that the Sherman Act was beyond repair because of its imprecise language but he believed it "should remain on the statute books as it stands." What was needed, he argued, was new "legislation for the regulation of corporations and trusts" and he called for a "national commission similar to the
Interstate Commerce Commission ...
The
Interstate Commerce Commission became the first agency of "the fourth branch of government"--a branch of government that unconstitutionally made and enforced its own laws, using federal power.
the
Interstate Commerce Commission, representing the transit cartels.
Abstract: On January 26, 1983, the
Interstate Commerce Commission (ICC) announced that it would require all railroads under its regulatory jurisdiction to change from Retirement-Replacement-Betterment (RRB) accounting, to a more theoretically sound depreciation accounting for matching revenues and expenses.
"In the 1950s, Congressman Charles Tobey enlisted Benedict Fitzgerald, an investigator for the
Interstate Commerce Commission, to investigate allegations of conspiracy* and monopolistic practices on the part of orthodox medicine.
The additional levels of bureaucracy imposed upon inland marine carriers--including facets of the MTSA and the
Interstate Commerce Commission Termination Act of 1995--also subject the insurer to additional scrutiny.
* The
Interstate Commerce Commission (created in 1887) seeks to set up a uniform system of accounting for the railroads.
In the same year, the
Interstate Commerce Commission was strengthened to enable it to curb the power of the railroads.