All times in UTC ·
Dashed edge = started before, or continues beyond, this day
Events on Friday 4 February 1887 1
1887Interstate Commerce Act signed into lawCreates the Interstate Commerce CommissionPresident Grover Cleveland signs the Interstate Commerce Act, establishing the Interstate Commerce Commission as the first independent federal regulatory agency in the United States. The law requires railroad rates to be "reasonable and just" and prohibits discriminatory pricing practices. It sets a precedent for federal economic regulation that later agencies would follow.