Regulating railroads refers to implementing rules and controls on railroad companies in order to ensure fair practices regarding rates, services, safety standards, competition, and other aspects related to transportation via railways.
Related terms
Interstate Commerce Act: The first federal law to regulate interstate commerce, including the railroad industry.
Sherman Antitrust Act: A law that prohibits monopolies or any other contracts, combinations, or conspiracies that restrain trade.
Hepburn Act: An act passed in 1906 that gave the Interstate Commerce Commission (ICC) more power to regulate railroad rates.