<Li> Interstate Commerce Act of 1887 </Li> <Li> Interstate Commerce Commission Termination Act </Li> <P> The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887 . The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to eliminate race discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies . Congress expanded ICC authority to regulate other modes of commerce beginning in 1906 . The agency was abolished in 1995, and its remaining functions were transferred to the Surface Transportation Board . </P> <P> The Commission's five members were appointed by the President with the consent of the United States Senate . This was the first independent agency (or so - called Fourth Branch). </P>

Who has the responsibility to regulate interstate commerce