Railroad Improvement Act

[AI summary unavailable — showing source text] Railroad Improvement Act - Title I: Financial Assistance to Railroads - Rail Freight Transportation Improvement Act - Authorizes the Secretary of Transportation to guarantee loans for the purpose of financing the acquisition, construction, maintenance, or development of specified railroad facilities and equipment after a determination that the prospective obligee is responsible, will service the obligation, is attempting to upgrade and develop plant facilities and operations, and is a relatively sound business risk. Creates within the Treasury a separate fund from which such guarantees are to be made. Authorizes to be appropriated the amounts necessary to capitalize the fund. States that the aggregate amount of guarantees outstanding at any one time may not exceed $2,000,000,000. Authorizes the Secretary to: (1) conduct research and development into the design of a national rolling stock management information system; (2) study, in cooperation with the Interstate Commerce Commission and the railroads, the information, functions, and procedures necessary to provide efficient and expeditious car service on a national basis; and (3) study the potential benefits of railroad electrifica…