The first independent regulatory commission that was set up by the Congress to regulate the railroads was the:
A) Public Utilities Commission.
B) Interstate Commerce Commission.
C) Public Service Commission.
D) Railroad Revitalization Commission.

Question

Quizplus · Accepted Answer

The Interstate Commerce Commission (ICC) was the first independent regulatory commission established by Congress in 1887 to regulate the railroad industry. Its purpose was to oversee and regulate the rates, service, and practices of railroads to prevent discrimination against shippers and ensure fair competition. The ICC was eventually abolished in 1995 and its regulatory functions were transferred to the Surface Transportation Board.

The First Independent Regulatory Commission That Was Set Up by the Congress