<P> The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices . The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates . It also required that railroads publicize shipping rates and prohibited short haul or long haul fare discrimination, a form of price discrimination against smaller markets, particularly farmers in Western or Southern Territory compared to the Official Eastern states . The Act created a federal regulatory agency, the Interstate Commerce Commission (ICC), which it charged with monitoring railroads to ensure that they complied with the new regulations . </P> <P> The Act was the first federal law to regulate private industry in the United States . It was later amended to regulate other modes of transportation and commerce . </P>

In wabash v. illinois the supreme court ruled that states could not regulate
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