A bill to amend the Rail Passenger Service Act of 1970.

Summary

Prevents any person or railroad from voting more than 33 1/3 percent of the issued and outstanding shares of the National Railroad Passenger Corporation, even where such person or railroad owns more than 33 1/3 percent of such shares. Increases the amount of loans guaranteed by the Secretary of Transportation pursuant to the Rail Passenger Service Act which may be outstanding at any one time from $500,000,000 to $700,000,000. Provides that the Commission shall recommend to the Secretary, the Corporation, and the Congress in its annual report, such measures as it considers necessary to provide adequate service, equipment, and other facilities for quality intercity rail passenger service and shall report on the effectiveness of its prior recommendations.

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Documents

1 official file

• Introduced in House

  summary · EN · 14 June 1974

  Open at official source

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