Bus Regulatory Modernization and Improvement Act of 1980

[AI summary unavailable — showing source text] Bus Regulatory Modernization and Improvement Act of 1980 - Amends the Interstate Commerce Act to promote and maintain a sound privately owned motor bus system in the United States. Directs the Interstate Commerce Commission to consider the need for specified revenue levels in the exercise of its ratemaking powers as regards common carriers of passengers by motor vehicle. Prohibits the Commission from finding any fare or rate for the transportation of passengers to be unreasonable on the basis that it is too high or too low if it is within a specified standard fare range. Authorizes the Commission to suspend interstate passenger fares and express rates under specified conditions. Directs the Commission to adjust such rates and charges periodically. Directs that such findings, suspensions, or adjustments shall not apply to excursion, special, or charter fares. Authorizes a motor common carrier of passengers to enter into a rate agreement with one or more other carriers. Directs the Commission to approve such agreement subject to specified criteria. Sets forth requirements with which an organization established or continued under such agreement must comply. Grants the Commission exclu…