Amtrak Investment Act of 1994

Summary

Amtrak Investment Act of 1994 - Amends the Rail Passenger Service Act to establish as one of the goals for the National Railroad Passenger Corporation (AMTRAK) management of its capital investment in such a way as to provide its customers with world class service. (Sec. 4) Requires AMTRAK to include in its annual report on its operations to the President and to the Congress projections of anticipated and realized benefits of proposed and previously funded projects. (Sec. 5) Requires applications by a State, agency, or person for the institution of rail passenger service, or the retention of a route, train, or service which AMTRAK intends to discontinue, to include a statement that it agrees to pay in each year of service specified percentages of the long-term avoidable losses for each year (currently, short-term avoidable losses) of the operation of such service. Authorizes AMTRAK for each year of service to contribute specified percentages to such losses. Requires such State, agency, or person, with respect to the renewal of such service, to provide a statement that it agrees to pay at least 65 percent of the long-term avoidable losses of operating such service and at least 50 percent of the associated capital costs. Directs the Secretary of Transportation to review AMTRAK's state-assisted rail passenger services program and report the results, including recommendations for revising such program, to the Congress. (Sec. 6) Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to direct AMTRAK to make any capital improvements for the Northeast Corridor improvement project necessary for reliable, high-speed rail passenger service and enhancement of capacity for intercity and commuter passenger service. (Sec. 7) Amends the Rail Passenger Service Act to authorize appropriations for: (1) AMTRAK operating expenses; (2) State requested rail passenger service; (3) capital investment projects; (4) construction expenses to convert the James A. Farley Post Office, New York City, into a train station and commercial center and for redevelopment of the Pennsylvania Station, New York City; (5) capital expenditures for the Northeast Corridor improvement project; and (6) certain mandatory payments.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 11 August 1994

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• Reported in House (PDF)

  Reported in House · EN · 11 August 1994

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• Reported to House with amendment(s)

  summary · EN · 11 August 1994

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• Introduced in House (text)

  Introduced in House · EN · 22 March 1994

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• Introduced in House (PDF)

  Introduced in House · EN · 22 March 1994

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• Introduced in House

  summary · EN · 22 March 1994

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