A bill to amend the Interstate Commerce Act to authorize the Interstate Commerce Commission to grant temporary operating authority to a carrier by railroad pending final determination by the Commission.
Railroad Temporary Operating Authority Act - Authorizes the Interstate Commerce Commission under the Interstate Commerce Act to grant temporary approval, not to exceed 180 days, in applications for approval of a consolidation or merger of the properties of two or more carriers by railroad; or of a purchase, lease, acquisition of control, or contract to operate the properties of one or more carriers by railroad; or of acquisition by a carrier by railroad of trackage rights over, or joint ownership in or joint use of any railroad line or lines owned or operated by any other such carrier, and terminals incident thereto. Requires that in order for such authority to be granted it must appear that failure to grant such temporary approval may result in destruction or injury to such railroad properties or property rights sought to be acquired.
Referred to House Committee on Interstate and Foreign Commerce.
Referred to House Committee on Interstate and Foreign Commerce.
Introduced in House
Introduced in House
Referred to House Committee on Interstate and Foreign Commerce.
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