A bill to amend the Interstate Commerce Act in order to give the Interstate Commerce Commission additional authority to alleviate freight car shortages.

Summary

Provides that, in fixing compensation to be paid for the use of any type of freight car, the Interstate Commerce Commission shall determine the value base of freight cars and shop facilities with additions and betterments, the depreciation thereon, and a rate of return on investment. Provides that the total annual ownership costs, including operating and maintenance costs, shall be converted by a car day divisor to car day cost brackets so as to produce daily car hire rates. Provides that such rates shall be recomputed annually. Gives the Commission authority to impose penalty per diem rates during periods when an emergency freight car shortage exists. (Amends 49 U.S.C.1 (14)(a))

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

Timeline

1. 3 January 1973

   Introduced

   Referred to House Committee on Interstate and Foreign Commerce.

   Source: IntroReferral

2. 3 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 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 · 3 January 1973

  Open at official source

Sponsors

• Rep. Scherle, William J. [R-IA-5] · R · Sponsor
• · hsif00 · Standing

Related records

• related to ← A bill to amend the Interstate Commerce Act in order to give the Interstate Commerce Commission additional authority to alleviate freight car shortages, and for other purposes.