Railroad Revenue Act

[AI summary unavailable — showing source text] Railroad Revenue Act - Title I: Findings, Purposes, and Definitions - Expresses the findings of Congress and declares the purposes of this Act, including to organize a nonprofit corporation to acquire, rehabilitate, and modernize, the rail lines. Defines the terms used in this Act. Title II: Interstate Railroad System - Requires every rail carrier to provide the Secretary of Transportation, the Rail Services Planning Office, and the Interstate Railroad Corporation with specified information on time tables, slow orders, restrictions, and speeds authorized on every rail line for freight and passenger trains at all times since January 1, 1935. Provides that the initial Interstate Railroad System shall consist of all rail lines operated within the United States by domestic railroad companies which as of the date of enactment of this Act are subject to traffic usage of at least 10 million gross ton-miles per year per mile of rail line. Provides for hearings and recommendations by the Interstate Commerce Commission on the System, and subsequently, for final designation of such System. Requires the prescribing of maintenance standards for the System. Enumerates procedures for modification…