A bill to amend the Interstate Commerce Act by repealing 49 USC section 10729 dealing with incentive rates associated with capital investments.
Capital Incentive Rate Act of 1979 - Amends the Interstate Commerce Commission Act to eliminate incentive ratemaking. Permits any rate classification, rule, or practice effective before June 30, 1980, to provide an incentive for capital investment in rail carriers to remain in effect for up to five years under specified conditions.
Introduced in Senate
Referred to Senate Committee on Commerce, Science, and Transportation.
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