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e • • <br /> <br />2 <br />govern all other American businesses. Railroads would not be <br />able to use their market power either to eliminate competition or <br />to keep out competition that would otherwise enter the market. <br />Increased competition would result in lower consumer costs. <br />This legislation would not affect the primary jurisdiction <br />of the Interstate Commerce Commission. The ICC would still have <br />sole authority to interpret the provisions of the Interstate <br />Commerce Act including determining the reasonableness of railroad <br />rates. On the other hand, the ICC never has had the authority to <br />adjudicate monopolistic practices or grant damage awards to <br />remedy anticompetitive conduct. This bill would, therefore, not <br />conflict with the Interstate Commerce Act and would, in fact, <br />further the goals of the Staggers Rail Act of 1980 by promoting <br />competition in the industry. <br />