Editing Esch–Cummins Act (section)

==Major provisions==
* Terminated federal control of railroads from March 1, 1920.
* Authorized the government to make settlements with railroad carriers for matters caused by nationalization, such as [[Nationalized#Compensation|compensation]] and other expenses.
* Directed the ICC to prepare and adopt a plan for the consolidation of the railway properties of the United States into a limited number of systems. ''See'' [[Interstate Commerce Commission#Ripley Plan to consolidate railroads into regional systems|Ripley Plan to consolidate railroads into regional systems]].
* Granted authority to the ICC to set minimum shipping rates, oversee railroads' financial operations, and regulate acquisitions and mergers.
* Established procedures for settling [[labor dispute]]s between railroads and employees. A [[Railroad Labor Board]] was created to regulate wages and settle disputes.<ref>{{cite book |title=The American Railroad Problem: A Study in War and Reconstruction |last=Sharfman |first=I. Leo|year=1921 |publisher=Century Co. |location=New York |pages=382ff |url=https://archive.org/details/americanrailroa01shargoog }}</ref>
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