S 2044 · 96th Congress · Transportation and Public Works

Capital Incentive Rate Act of 1979

Introduced 1979-11-26· Sponsored by Sen. Tower, John G. [R-TX]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Commerce, Science, and Transportation.(1979-11-26)

Plain Language Summary

[AI summary unavailable — showing source text] Capital Incentive Rate Act of 1979 - Amends the Interstate Commerce Commission Act to eliminate incentive ratemaking. Permits any rate classification, rule, or practice effective before June 30, 1980, to provide an incentive for capital investment in rail carriers to remain in effect for up to five years under specified conditions.…

Summarized by Claude AI · Non-partisan · For informational purposes only