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Independent agencies of the United States federal government are agencies that exist outside the federal executive departments and the Executive Office of the President. In a narrower sense, the term refers only to those independent agencies that, while considered part of the executive branch, have regulatory or rulemaking authority and are insulated from presidential control, usually because the president's power to dismiss the agency head or a member is limited.
The National Electric Light Association (NELA) was a national United States trade association that included the operators of electric central power generation stations, electrical supply companies, electrical engineers, scientists, educational institutions and interested individuals. Founded in 1885 by George S. Bowen, Franklin S. Terry and Charles A. Brown, it represented the interests of private companies involved in the fledgling electric power industry that included companies like General Electric, Westinghouse and most of the country's electric companies. The NELA played a dominant role in promoting the interests and expansion of the U.S. commercial electric industry. The association's conventions became a major clearinghouse for technical papers covering the entire field of electricity and its development, with a special focus on the components needed for centralized power stations or power plants. In 1895 the Association sponsored a conference that led to the issue of the first edition of the U.S. National Electrical Code. Its rapid growth mirrored the development of electricity in the U.S. that included regional and statewide affiliations across the country and Canada. It was the forerunner of the Edison Electric Institute. Its highly aggressive battle against municipal ownership of electric production led to extensive federal hearings between 1928-35 that led to its demise. Its logo is an early depiction of Ohm's law which is "C equals E divided by R," or "the current strength in any circuit is equal to the electromotive force divided by the resistance," or the basic law of electricity. It was established in 1827 by Dr. G. S. Ohm.
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The Public Utility Holding Company Act of 1935 (PUHCA), also known as the Wheeler-Rayburn Act, was a US federal law giving the Securities and Exchange Commission authority to regulate, license, and break up electric utility holding companies. It limited holding company operations to a single state, thus subjecting them to effective state regulation. It also broke up any holding companies with more than two tiers, forcing divestitures so that each became a single integrated system serving a limited geographic area. Another purpose of the PUHCA was to keep utility holding companies engaged in regulated businesses from also engaging in unregulated businesses. The act was based on the conclusions and recommendations of the 1928-35 Federal Trade Commission investigation of the electric industry. On March 12, 1935, President Franklin D. Roosevelt released a report he commissioned by the National Power Policy Committee. This report became the template for the PUHCA. The political battle over its passage was one of the bitterest of the New Deal, and was followed by eleven years of legal appeals by holding companies led by the Electric Bond and Share Company, which finally completed its breakup in 1961.
The Massena Terminal Railroad is a Class III terminal railroad operating in the U.S. state of New York. It operates over 4 miles (6.4 km) of track from the CSX Transportation yard in Massena north to the Alcoa plant, the railroad's only customer. It was built in the early 20th century, beginning operations in 1900. In 2005, the railroad was purchased by holding company RailAmerica. Shortline holding company Genesee & Wyoming acquired the Massena Terminal Railroad in 2012 as part of its purchase of RailAmerica. The railroad's traffic comes mainly from aluminum and petroleum products. The MTR hauled around 4,300 carloads in 2008. As of 2019, the company operates 4 miles (6.4 km) of tracks.
Joseph Edward Davies was an American lawyer and diplomat. He was appointed by President Wilson to be Commissioner of Corporations in 1912, and First Chairman of the Federal Trade Commission in 1915. He was the second Ambassador to represent the United States in the Soviet Union and U.S. Ambassador to Belgium and Luxembourg. From 1939 to 1941 Davies was Special assistant to Secretary of State Hull, in charge of War Emergency Problems and Policies. From 1942 through 1946 he was Chairman of President Roosevelt's War Relief Control Board. Ambassador Davies was Special Advisor of President Harry Truman and Secretary of State James F. Byrnes with rank of Ambassador at the Potsdam Conference in 1945.
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The Federal Trade Commission Building is a federal building which serves as the headquarters of the Federal Trade Commission. Completed in 1938, the building was designated by Congress as a contributing structure to the Pennsylvania Avenue National Historic Site in 1966, and it was subsequently listed in the National Register of Historic Places.
Edith Ramirez is an American attorney who served as a member of the Federal Trade Commission from 2010 to 2017. Ramirez served as FTC Chair from 2013 to 2017, the first person of color to lead the agency.
Broadcasting in the United States began with experiments with wireless transmission during the middle of the 19th century, with varying degrees of success. These transmissions were initially by radio hobbyists fascinated with the technology. Once techniques were perfected, radio became a necessity for military and commercial users alike. Eventually, broadcasting would come to have a major impact throughout the country. Growth divided television broadcasting into several genres, such as fiction, news, sports, and reality television. Cable television provided more channels, especially for entertainment. By the late 20th century radio (sound) broadcasting had similarly divided, with stations specializing in a particular musical genre, or news or sports.
The Inland Waterways Commission was created by Congress in March 1907, at the request of President Theodore Roosevelt, to investigate the transportation crisis that recently had affected nation's ability to move its produce and industrial production efficiently. The immediate crisis centered on insufficient railroad capacity developed by the private sector, and competing but neglected inland shipping, the navigation of which had been deemed under federal purview since 1824. The temporary commission lasted until the end of Roosevelt's presidency, but his conservationist progressive interest was focused more than on transportation alone. The president wanted water projects to be considered for their multiple uses and in relation to other natural resources and asked for a comprehensive plan for the improvement and control of the river systems of the United States.
The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history. Although "trust" had a technical legal meaning, the word was commonly used to denote big business, especially a large, growing manufacturing conglomerate of the sort that suddenly emerged in great numbers in the 1880s and 1890s. The Interstate Commerce Act of 1887 began a shift towards federal rather than state regulation of big business. It was followed by the Sherman Antitrust Act of 1890, the Clayton Antitrust Act and the Federal Trade Commission Act of 1914, the Robinson-Patman Act of 1936, and the Celler-Kefauver Act of 1950.
Howard Colwell Hopson was an American businessman who was convicted of defrauding Americans of more than $20 million. Hopson built his company, Associated Gas and Electric (AG&E) into one of the largest electricity providing companies of the era. At its peak, AG&E was the country's third largest provider of electricity, and the fifth largest holding company.
The Electric Bond and Share Company (Ebasco) was a United States electric utility holding company organized by General Electric. It was forced to divest its holding companies and reorganize due to the passage of the Public Utility Holding Company Act of 1935. Following the passage of the Act, the U.S. Securities and Exchange Commission (SEC) selected the largest of the U.S. holding companies, Ebasco to be the test case of the law before the U.S. Supreme Court. The court case known as Securities and Exchange Commission v. Electric Bond and Share company was settled in favor of the SEC on March 28, 1938. It took twenty-five years of legal action by the SEC to break up Ebasco and the other major U.S. electric holding companies until they conformed with the 1935 act. It was allowed to retain control of its foreign electric power holding company known as the American & Foreign Power Company (A&FP). After its reorganization, it became an investment company, but soon turned into a major designer and engineer of both fossil fuel and nuclear power electric generation facilities. Its involvement in the 1983 financial collapse of the Washington Public Power Supply System's five nuclear reactors led to Ebasco's demise because of the suspension of nuclear power orders and lawsuits that included numerous asbestos claims. The U.S. nuclear industry stopped all construction of new facilities following the 1979 nuclear meltdown at Three Mile Island, going into decline because of radiation safety concerns and major construction cost overruns.
Electric Bond Share Company v. Securities & Exchange Commission, 303 U.S. 419 (1938), was a United States Supreme Court case in which the court upheld the constitutionality of the Public Utility Holding Company Act of 1935.
Abram F. Myers was the chair of the Federal Trade Commission (FTC) from December 1, 1928 to January 15, 1929, and thereafter general counsel and board chairman of the Allied States Association of Motion Picture Exhibitors (ASAMPE) until July 1960.
References
- ↑ Herbert Knox Smith, report on Water-Power Development in the United States (1912). Available at Report of the commissioner of corporations on water-power development in the United States
- ↑ James C. Bonbright, Gardiner C. Means, The Holding Company: Its Public Significance and Its Regulation, New York (1932) McGraw-Hill. ISBN 9780678005026
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