A bill to amend the Railroad Revitalization and Regulatory Reform Act of 1976 to provide emergency financial assistance under title V of such Act to railroads in reorganization serving the Northwestern United States, and for other purposes.

Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to provide emergency financial assistance to railroads in reorganization serving the Northwestern United States which are or may be subejct to an application for a certificate of abandonment or discontinuance under the Interstate Commerce Act. Defines "Northwestern United States" as the States of Washington, Idaho, Montana, Wyoming, North Dakota, South Dakota, and Minnesota. Stipulates that no more than $135,000,000 in proceeds from the issuance and sale of Railroad Rehabilitation and Improvement Fund notes may be used for such assistance.