Rail 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.

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

Timeline

1. 25 March 1994

   Introduced

   Read twice and referred to the Committee on Commerce.

   Source: IntroReferral

2. 25 March 1994

   Introduced

   Sponsor introductory remarks on measure. (CR S3984)

   Source: IntroReferral

3. 25 March 1994

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 13 April 1994

   Committee

   Subcommittee on Surface Transportation. Hearings held. Hearings printed: S.Hrg. 103-631.

   Source: Committee

5. 23 September 1994

   Reported

   Committee on Commerce. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

6. 28 September 1994

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 667.

   Source: Calendars

7. 28 September 1994

   Reported

   Committee on Commerce. Reported to Senate by Senator Hollings with an amendment in the nature of a substitute. Without written report.

   Source: Committee

8. 28 September 1994

   Reported

   Committee on Commerce. Reported to Senate by Senator Hollings with an amendment in the nature of a substitute. Without written report.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported to Senate · 28 September 1994 · Official file
• Introduced in Senate · 25 March 1994 · Official file

Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 28 September 1994

  ViewDownloadOpen at official source

• Reported to Senate (PDF)

  Reported to Senate · EN · 28 September 1994

  DownloadOpen at official source

• Reported to Senate with amendment(s)

  summary · EN · 28 September 1994

  Open at official source

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 March 1994

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 March 1994

  DownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 March 1994

  Open at official source

Sponsors

• Sen. Exon, J. James [D-NE] · D · Sponsor
• · sscm00 · Standing

Related records

• related to → Amtrak Investment Act of 1994