ICC Termination Act of 1995

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Abolition of Interstate Commerce Commission Title II: Transportation Adjudication Panel Title III: Conforming Amendments Subtitle A: Amendments to United States Code Subtitle B: Other Amendments ICC Termination Act of 1995 - Title I: Abolition of Interstate Commerce Commission - Abolishes the Interstate Commerce Commission (ICC). (Sec. 102) Amends Federal transportation law to declare that remedies provided under this Act are exclusive and preempt any Federal or State remedies. Revises provisions to transfer jurisdiction over rail carrier transportation from the ICC to the Transportation Adjudication Panel established by this Act. Requires the Panel to exempt a person, class of persons, or a transaction or service from its jurisdiction whenever: (1) application of this Act is not necessary to carry out U.S. rail transportation policy; and (2) either the transaction or service is of limited scope, or jurisdiction is not needed to protect shippers from the abuse of market power. Requires rail carriers subject to the jurisdiction of the Panel to establish rates, classifications, through routes, rules and practices for rail transportation that are reasonable…