Rail Safety and Service Improvement Act of 1982

[AI summary unavailable — showing source text] Rail Safety and Service Improvement Act of 1982- Title I: Rail Safety - Federal Railroad Safety Authorization Act of 1982 - Amends the Federal Railroad Safety Act of 1970 to direct the Secretary of Transportation to issue regulations to apply safety principles to track used for commuter or other short-haul rail passenger service in a metropolitan or suburban area. Authorizes appropriations for the purposes of such Act for FY 1983 and 1984. Revises provisions concerning the movement of railroad cars in need of repair. Repeals the Act of May 30, 1908 (commonly referred to as the Ash Pan Act) concerning safety ash pans on locomotives. Title II: Bankrupt Railroads - Bankrupt Railroad Service Preservation and Employee Protection Act of 1982 - Amends the Milwaukee Railroad Restructuring Act to provide a procedure for the acquisition of rail carrier lines subject to liquidation. Permits any person who is financially responsible and who has made a bona fide offer to acquire such rail line, and whose offer has been rejected by that carrier, to submit an application to the Interstate Commerce Commission (ICC) seeking approval of acquisition of such carrier. Requires that a copy of such appli…