A bill to provide for an equitable resolution regarding leaseholds on abandoned rail line property.

[AI summary unavailable — showing source text] Amends the Interstate Commerce Act to direct the Interstate Commerce Commission to determine the economic impact of a rail line abandonment when public convenience and necessity require or permit such abandonment. Directs the Commission, where such an abandonment will have an adverse affect upon a leaseholder and community, to provide specified conditions in its order of abandonment. Requires submission of disagreements as to the price for the sale of the subject property to binding arbitration.…