Milwaukee Railroad and Rock Island Railroad Amendments Act of 1981

Summary

Milwaukee Railroad and Rock Island Railroad Amendments Act of 1981 - Amends the Milwaukee Railroad Restructuring Act to revise procedures by which the Interstate Commerce Commission (ICC) oversees the purchase of bankrupt rail lines by financially responsible persons. Defines a "financially responsible person" as one who is capable of paying the purchase price of a railroad line and the expenses of providing service over the line for at least two years. Amends the Rock Island Railroad Transition and Employee Assistance Act to direct the Secretary of Transportation to pay benefits and allowances provided under specified employee protection agreements up to a specified amount. Authorizes appropriations for such benefits and allowances. Declares that the ICC's authority to grant temporary operating approval for the use of Rock Island or Milwaukee Railroad facilities shall continue until a plan of reorganization or liquidation is approved by the ICC and the bankruptcy court.

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Timeline

1. 16 December 1981

   Introduced

   Referred to House Committee on Energy and Commerce.

   Source: IntroReferral

2. 16 December 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 December 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 January 1982

   Referred

   Referred to Subcommittee on Commerce, Transportation and Tourism.

   Source: Committee

5. 12 May 1982

   Committee

   See Title II of H.R. 6308.

   Source: Committee

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 · 16 December 1981

  Open at official source

Sponsors

• Rep. O'Brien, George M. [R-IL-4] · R · Sponsor
• · hsif00 · Standing

Related records

• related to ← Rail Safety and Service Improvement Act of 1982