Railroad Revitalization and Regulatory Reform Act

[AI summary unavailable — showing source text] Railroad Revitalization and Regulatory Reform Act - Title I: General Provisions - Sets forth the findings of Congress. States that the purpose of this Act is to provide for the restoration, maintenance, and rationalization of the physical facilities and financial stability of the rail system of the United States. Title II: Procedural Reform of the Interstate Commerce Commission - Sets forth organizational and procedural changes in the Interstate Commerce Commission and the Rail Services Planning Office. Authorizes the Commission to establish a new Office of Rail Public Counsel. Stipulates that such Office shall be authorized to seek judicial review of specified actions relating to common carriers under this Act. Authorizes the Office to present before the Commission the views of communities and users of rail service affected by proceedings initiated by or pending before the Commission. Directs the Commission to prescribe, not later than June 30, 1977, a uniform cost and revenue accounting and reporting system for all railroad carriers. Title III: Railroad Rates - Prohibits the Commission from holding the rate of a carrier of one mode of transportation up to a particular level to pr…