Rock Island Railroad Transition Act

[AI summary unavailable — showing source text] Rock Island Railroad Transition Act - Directs the Interstate Commerce Commission to continue directed service over any line of the Rock Island Railroad over which directed service was provided on February 6, 1980 for a period of 60 days. Permits the Commission to extend such service for an additional 30-day period over any line that is the subject of a bona fide offer of purchase. Permits the Commission to extend service for yet an additional 30-day period over any line to which there is a binding contract for purchase that has not been approved by the Commission and the bankruptcy court. Directs the Commission to expedite proceedings involving the Rock Island Railroad. Prohibits the stay of any order or decision of the Commission regarding such railroad. Permits the appeal of such decision to the bankruptcy court or to any other court. Requires final decision from such appeal within 60 days. Grants employees of the Rock Island Railroad the first right of hire by any other rail carrier for all but specified vacancies. Entitles employees who must move to secure such employment to moving expenses, closing costs, and reimbursement for losses incurred in canceling a lease. Entitles spe…