Icc (Noun)
Meaning
A former independent federal agency that supervised and set rates for carriers that transported goods and people between states; was terminated in 1995; "the ICC was established in 1887 as the first federal agency".
Classification
Nouns denoting groupings of people or objects.
Examples
- The ICC was established in 1887 as the first federal agency to regulate interstate commerce.
- The ICC had the authority to set rates for railroads and trucking companies that transported goods across state lines.
- In the 1970s, the ICC began to deregulate the trucking industry, allowing carriers to set their own rates.
- The ICC was also responsible for overseeing the construction of new rail lines and highways that crossed state borders.
- The ICC was terminated in 1995 as part of a broader effort to reduce the size and scope of the federal government.