Bus_Regulatory_Reform_Act
Bus Regulatory Reform Act
Deregulation of bus industry in 1982
The Bus Regulatory Reform Act of 1982 (Pub. L. 97–261, 96 Stat. 1102) was signed into law by President Ronald Reagan on September 20, 1982. The law contained provisions considered "deregulatory" of the bus industry, representing the largest legislation of regulatory reform since 1935.
On signing the bill into law, Reagan stated:
"One of the basic policies of my administration is that private enterprise should be as private as possible—guided by the market judgments of business managers rather than by the dictates of government regulators. Enactment of this legislation is a significant milestone in our efforts to deregulate one of our country's most vital economic sectors, the surface transportation industry."
Ronald Reagan, Gerhard Peters and John T. Woolley, The American Presidency Project. http://www.presidency.ucsb.edu/ws/index.php?pid=43014