A bill to prohibit any increase in fares charged by mass transit systems for a 1-year period and to provide for grants to any mass transit system which may be adversely affected by such prohibition of fare increase.

Summary

Prohibits any mass transportation system from charging, for one year a rate higher than the rate of fare in effect on November 15, 1973. States that any mass transit system which violates this Act shall be liable for a civil penalty of $10,000 for each day such system is in violation, and such mass transportation system shall be liable to the United States for all amounts received in excess of the present fare. Authorizes appropriations of such sums as may be necessary for the purpose of making grants to any mass transportation system which is so adversely affected by the provisions of this Act that such transportation system may be forced to curtail or shut down its operations as a result of such prohibition.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 November 1973

   Introduced

   Introduced in House

   Source: IntroReferral

2. 15 November 1973

   Introduced

   Referred to House Committee on Banking and Currency.

   Source: IntroReferral

3. 15 November 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 15 November 1973

  Open at official source

Sponsors

• Rep. Reid, Ogden R. [D-NY-24] · D · Sponsor
• · hsba00 · Standing

Related records

• related to ← A bill to prohibit any increase in fares charged by mass transmit systems for a 1-year period and to provide for grants to any mass transit system which may be adversely affected by such prohibition of fare increase.