S. 355 — A bill to amend the title V financial assistance program, the Railroad Revitalization and Regulatory Reform Act of 1976, and for other purposes.

Summary

Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to adjust the financial considerations to be made by the Secretary of Transportation in granting rehabilitation and improvement financing to railroads.

Directs the Secretary to assign the highest priority to applications of carriers unable to generate such funds in the private sector.

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Legislative Actions

1981-02-03
Introduced in Senate
1981-02-03
Read second time and referred to Senate Committee on Commerce.

A bill to amend the title V financial assistance program, the Railroad Revitalization and Regulatory Reform Act of 1976, and for other purposes.

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Summary

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