delete PART 5001—SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE INTERSTATE COMMERCE COMMISSION
The regulation establishes ethics rules for Interstate Commerce Commission employees, prohibiting them from employment or financial interests in for-hire transportation companies, defining indirect interests, providing waiver procedures, and requiring prior approval for outside employment.
The Interstate Commerce Commission was abolished in 1995, making this regulation obsolete; even if active, such ethics rules impose unnecessary compliance costs and could be superseded by market-based accountability mechanisms.