Independent federal agencies reviewed in six-branch system
Washington analysts describe the six independent agencies created by Congress to regulate commerce and industry. The piece outlines their structure, pay, and governance, naming FCC SEC CAB FPC and the ICC predecessors, plus the size and scope of their authority over communications, finance, aviation, gas and electric utilities, and transportation. It notes board salaries ranging up to 25,000 and commission members’ terms, with presidents appointing heads and Senate approval, highlighting potential conflicts of interest and gifts from industry.