Interstate Commerce Commission Sunset Act of 1992

[AI summary unavailable — showing source text] Interstate Commerce Commission Sunset Act of 1992 - Amends the Interstate Commerce Act to terminate, as of October 1, 1993, the Interstate Commerce Commission (ICC) as an independent executive agency of the U.S. Government. Transfers to the Secretary of Transportation the functions, powers, and duties of the ICC relating to the regulation of rail transportation and to certain other surface transportation regulation. Prohibits any State or its political subdivision or any interstate or other political agency of two or more States from enacting or enforcing any law, rule, or standard relating to interstate or intrastate rates, routes, or services of motor carriers, motor private carriers, water carriers, freight forwarders, or transportation brokers. Authorizes the President to take specified action upon a determination that the government of a contiguous foreign country has engaged in unfair, discriminatory, or restrictive practices having a substantial adverse competitive impact upon certain U.S. transportation companies. Revises State motor carrier registration requirements. Transfers to the Federal Trade Commission (FTC) jurisdiction over certain regulation of motor carriers, wat…