interstate commerce commission

Interstate Commerce Commission. The now-defunct federal agency established by the Interstate Commerce Act in 1887 to regulate surface transportation between states by certifying carriers and pipelines and by monitoring quality and pricing. • In December 1995, when Congress eliminated this agency, the Surface Transportation Board (STB) — a three-member board that is a division of the Department of Transportation — assumed most of the agency’s duties. — Abbr. ICC. See SURFACE TRANSPORTATION BOARD. [Cases: Commerce 83. C.J.S. Carriers §§ 6–10.]

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词条贡献者

译者Rowland，毕业于世界顶级翻译学院，擅长翻译各种与商业地产买卖相关的法律文件。