A bill to amend the Interstate Commerce Act to continue to allow railroad rate flexibility.

Summary

Amends the Interstate Commerce Act to: (1) provide that the Interstate Commerce Commission may not suspend rate increases based upon findings that the carrier has "market dominance" over the service to which such rate increase applies; (2) extend until January 1, 1983, the limitation on the Commission's power to suspend rate schedules; and (3) provide that the limitations on the Commission's power to suspend such rates apply only if the aggregate of rate increases and decreases in any calendar year is not greater than seven percent of the rate in effect on January 1st of that year.

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

Timeline

1. 28 June 1978

   Introduced

   Referred to Senate Committee on Commerce, Science, and Transportation.

   Source: IntroReferral

2. 28 June 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 28 June 1978

  Open at official source

Sponsors

• Sen. Cannon, Howard W. [D-NV] · D · Sponsor
• · sscm00 · Standing

Related records

No cross-record relationships stored yet.