When something is abolished, it means that it is completely eliminated or done away with. In the context of regulatory commissions, abolishing them would involve getting rid of these agencies entirely.
Related terms
Self-regulation: Self-regulation refers to industries or sectors regulating themselves by establishing guidelines and standards without government intervention.
Legislative oversight: Legislative oversight involves the responsibility of elected officials (legislators) to review and monitor the operations and actions of government agencies.
Administrative law: Administrative law consists of legal rules and procedures that govern administrative agencies' activities, including regulatory commissions.