Second Regional Rail Reorganization Act Amendments

[AI summary unavailable — showing source text] Second Regional Rail Reorganization Act Amendments - States that the Board of Directors of the U.S. Railway Association shall have a Government Investment Committee, vested with the exclusive power to: (1) exercise or decline to exercise, as provided in the final system plan, the rights of the Association as holder of any securities of the Consolidated Rail Corporation issued to the Association; (2) make the affirmative findings and exercise any exclusive powers, as expressly provided in this Act; and (3) exercise the authority expressly conferred on it under this Act. Reduces by $1,000,000,000 the aggregate amount of the obligations of the Association which may be outstanding at any one time. Directs the Association to purchase debentures and series A preferred stock of the Corporation, at such times and in such amounts as may be requested by the Corporation, to provide for the modernization, rehabitation, and maintenance of rail properties; for the acquisition of equipment; for the refinancing of indebtedness; or to provide working capital as contemplated by the final system plan. Sets forth terms and conditions governing such purchases. Authorizes appropriations to the Associati…