Interstate Commerce Commission Law and Legal Definition

Interstate commerce commission (ICC) is a regulatory agency established by the federal government through the Interstate Commerce Act of 1887. The agency was created by the federal government as an independent agency. This was the first independent agency in the U.S., and so was called the fourth branch. The Commission had five members who were appointed by the President with the consent of the United States Senate. The ICC's original purpose was to regulate railroads, to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers. The agency was abolished in 1995, and after transferring the remaining functions to the Surface Transportation Board.