A bill to provide for the submission of a plan of rationalization of rail properties of the Consolidated Rail Corporation, and for other purposes.

[AI summary unavailable — showing source text] Directs the United States Railway Association, by a certain date, to make recommendations to the Congress in regard to: (1) projected funding requirements of the Consolidated Rail Corporation (ConRail); and (2) the future structure and activities of ConRail in a defined region necessary or appropriate to meet specified goals. Directs ConRail, within 30 days of the enactment of this Act, to submit to the Association its findings in regard to rail properties which it will propose for abandonment or transfer for continued operation. Directs the Association to publish in the Federal Register its preliminary findings on such submission. Sets forth information to be included in such findings. Specifies those to receive such findings on the date of publication. Directs the Interstate Commerce Commission to hold hearings on such findings and submit the evidence from such hearings to Congress and the Association within a specified period. Directs the Association, within 60 days of the receipt of such evidence, to submit to Congress, the Commission, and the Secretary of Transportation a plan of rationalization of ConRail properties. Mandates such plan to be consistent with specified goals an…