Rail Maintenance Improvement and Employment Act

[AI summary unavailable — showing source text] Rail Maintenance Improvement and Employment Act - Provides, under the Emergency Jobs and Unemployment Assistance Act of 1974, that the Secretary of Transportation is authorized from funds appropriated and made available under such Act to provide financial assistance to common carriers engaged in transportation by railroad for the wages of persons employed in programs and projects to maintain and improve their rights-of-way and structures, including mainline tracks, adjacent sidetracks roadbeds, culverts, fills, tunnels, and other structures. Directs the Secretary to provide financial assistance for any program or project under this Act only upon application by the carrier under regulations to be prescribed by the Secretary. Requires the Secretary to not provide financial assistance for any program or project under this Act unless it is determined under regulations to be prescribed by the Secretary that the program or project: (1) will not result in the displacement of currently employed workers (including partial displacement such as reduction in the hours of overtime work or wages or employment benefits), and (2) will not result in the substitution of Federal for other funds in co…