Impact Reduction of Energy Resources Act of 1979

[AI summary unavailable — showing source text] Impact Reduction of Energy Resources Act of 1979 - Directs the Secretary of Energy to study petitions for reorganization in bankruptcy of railroad lines or applications for abandonment of railroad lines and rail transportation to determine the impact of such plans and applications upon the transportation of coal. Directs the Secretary to oppose such actions as he determines may reduce or curtail present or future coal shipments. Provides for loans or grants to an applicant for the maintenance of coal transportation services. Amends the Railroad Revitalization and Regulatory Reform Act of 1976 and the Powerplant and Industrial Fuel Use Act of 1978 to make railroads eligible for assistance under this Act.…