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United States · Bill · HR

H.R. 4511 (99th)

Conrail Privatization Act of 1986

referredUnited States· United States Congress· EN

Introduced

25 March 1986

Last action

Status

Referred to Subcommittee on Commerce, Transportation and Tourism.

Sponsors

Subjects

Discovery layer

Source updated

29 August 2025

Summary

Conrail Privatization Act of 1986 - Establishes a Conrail Sale Board (chaired by the Secretary of Transportation) to prepare and issue a Request for Bids for the sale of Conrail (Consolidated Rail Corporation) common stock. Prescribes guidelines for the Request for Bids procedure and the financial restructuring of Conrail. Confers original and exclusive jurisdiction upon a special three-judge Federal district court over any suits regarding actions taken either by such Board or under this Act. Repeals certain Federal law regarding the sale of the Federal interest in Conrail common stock. Makes inapplicable to the sale of Conrail common stock provisions of the National Environmental Policy Act of 1969 requiring all Federal agencies to include an environmental impact statement in any proposed major Federal action.

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Documents

1 official file

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Sources

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