Transportation Safety Act of 1974

[AI summary unavailable — showing source text] Federal Railroad Safety and Hazardous Materials Transportation Amendments - Authorizes not more than $35,000,000 to be appropriated for specified uses for fiscal year 1975 to carry out the purposes of the Federal Railroad Safety Act of 1970. Requires the Secretary of Transportation to prepare and submit to the President for transmittal to the Congress a report on Federal railroad safety standards and state railroad safety programs planned or underway. Increases the penalties for common carriers failing to make accident reports within the time required by law. Authorizes to be appropriated not more than $3,000,000 to carry out the purposes of the Hazardous Materials Transportation Control Act of 1970. Provides that, in order to assure safe transportation of hazardous materials in interstate and foreign commerce, the Secretary may prescribe regulations applicable to: (1) the manufacture, fabrication, marking, maintenance, reconditioning, repair, testing, and distribution of packages or containers which may be used for such transportation of hazardous materials; and (2) any carrier who engages in interstate or foreign transportation and who transports hazardous materials and any shipp…