S 355 · 97th Congress · Transportation and Public Works

A bill to amend the title V financial assistance program, the Railroad Revitalization and Regulatory Reform Act of 1976, and for other purposes.

Introduced 1981-02-03· Sponsored by Sen. Pressler, Larry [R-SD]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read second time and referred to Senate Committee on Commerce.(1981-02-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to adjust the financial considerations to be made by the Secretary of Transportation in granting rehabilitation and improvement financing to railroads. Directs the Secretary to assign the highest priority to applications of carriers unable to generate such funds in the private sector.…

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