Rail Maintenance Improvement and Employment Act

Summary

Rail Maintenance Improvement and Employment Act - Provides, under the provisions of the Emergency Jobs and Unemployment Assistance Act of 1974, that the Secretary of Transportation shall provide financial assistance through grants to common carriers for wages of persons employed in programs and projects to maintain and improve their right- of-way structures. Directs the Secretary to provide financial assistance only upon application by the carrier. Requires that the Secretary shall not provide financial assistance unless he determines that the program: (1) will not result in the displacement of currently employed workers (including partial displacement such as reduction in the hours of overtime work or wages or employment benefits), and (2) will not result in the substitution of Federal for other funds held by the carrier in connection with work that could otherwise be performed by the carrier during the twelve months following application by the carrier. Provides that persons employed under this Act shall be paid wages at rates in accordance with existing applicable labor agreements. Authorizes the Secretary of Transportation to make loans to common carriers for equipment, materials, and supplies necessary for rehabilitating, maintaining, and improving their rights-of-way and structures. Requires that the maturity date of any loan (including all extensions and renewals) shall not be later than 30 years from its date of issuance. Authorizes appropriations to carry out the provisions of this Act.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 8 April 1975

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.