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Chapter : Transportation and Commerce
Ronald Reagan's priorities in his second term in office changed little from those advanced in his first four years. He resumed his bid to scale back the federal government's involvement in the economy, including major transportation and communications industries.
The administration sought to reduce federal subsidies for state and local governments and private-sector recipients, while it sought to free these interests from what it viewed as outdated and counterproductive regulation.
In his first term, Reagan enjoyed some success in the transportation and commerce arena. With his approval, Congress cleared legislation to deregulate the bus industry and to eliminate subsidies for new U.S. ship construction. And Reagan's appointees to the Federal Communications Commission (FCC) lifted a host of regulatory restrictions on broadcasters without interference ...