The law contained provisions considered "deregulatory" of the bus industry, representing the largest legislation of regulatory reform since 1935.

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."

The bill provided the Interstate Commerce Commission could investigate or suspend rates considered discriminatory or predatory.

[3] Following the enactment of the new law, the Interstate Commerce Commission received over 2000 applications to operate new bus services.

[3] Supporters of the Act consider it "beneficial in improving the economic efficiency of carriers", while "some minor reservations" exist "regarding its adverse effects on smaller towns and rural areas".