what was the intent of the hepburn act
The Hepburn Act is a 1906 United States federal law that gave the Interstate Commerce Commission (ICC) the power to set maximum railroad rates and extend its jurisdiction.This led to the discontinuation of free passes to loyal shippers.he limitation on railroad rates depreciated the value of railroad securities, a factor in causing the Panic of 1907. Scholars consider the Hepburn Act the most important piece of legislation regarding railroads in the first half of the 20th century.