Elkins Act Law and Legal Definition
The Elkins Act of 1903 is a U.S. federal statute. The Act is an addition to the Interstate Commerce Act of 1887. The object of the Act is to eliminate businesses with unfair business practices. This Act imposed heavy fine on railroads offering rebates, and on the shippers accepting them. Thus, the Act brought an end to the common practice of granting rebates by the railroad companies to their valuable customers.
The Act lays down specific methods of procedure and imposed penalties for non-observance of the provisions of the Act.
