Railroad Temporary Operating Authority Act

[AI summary unavailable — showing source text] Railroad Temporary Operating Authority Act - Authorizes the Interstate Commerce Commission under the Interstate Commerce Act to grant temporary approval, not to exceed 180 days, in applications for approval of a consolidation or merger of the properties of two or more carriers by railroad; or of a purchase, lease, acquisition of control, or contract to operate the properties of one or more carriers by railroad; or of acquisition by a carrier by railroad of trackage rights over, or joint ownership in or joint use of any railroad line or lines owned or operated by any other such carrier, and terminals incident thereto. Requires that in order for such authority to be granted it must appear that failure to grant such temporary approval may result in destruction or injury to such railroad properties or property rights sought to be acquired.…