delete PART 1253—RATE-MAKING ORGANIZATION; RECORDS AND REPORTS
Record-keeping and reporting requirements for transportation rate bureaus subject to sections 5a or 5b of the Interstate Commerce Act. Requires detailed accounts of all financial transactions, extensive files on rate proposals/protests/petitions, maintains accessibility for STB examination, mandates address change notifications, and compliance with records retention schedules.
Imposes substantial compliance costs on transportation rate bureaus for record-keeping that serves primarily to enable ongoing federal surveillance rather than protect consumers. The detailed documentation requirements create significant administrative burden without clear benefits to market competition or public welfare. Rate-setting organizations could maintain necessary records for legitimate business purposes without federal mandates, and accessibility provisions enable regulatory overreach. Eliminates barriers to entry where smaller carriers bear disproportionate compliance costs, and respects Tenth Amendment principles by reducing federal micromanagement of what are essentially industry coordination activities.