S. 638 (99th)

Conrail Sale Amendments Act of 1985

openUnited States· United States Congress· EN

Introduced

7 March 1985

Last action

26 September 1986 · Floor

Status

Returned to the Senate pursuant to the provisions of H.Res. 562, as in contravention of the first clause of the seventh section of the first article of the Constitution.

Summary

Conrail Sale Amendments of 1985 - Declares it is the purpose of the Congress to return the Consolidated Rail Corporation (Conrail) to the private sector by implementing the Plan of the Secretary of Transportation (the Secretary) to sell the Federal interest in Conrail common stock. Title I: Amendments to the Regional Rail Reorganization Act of 1973 and the Northeast Rail Service Act of 1981 - Amends the Regional Rail Reorganization Act of 1973 to terminate the authority of the United States Railway Association (the Association) to purchase Conrail securities when the sale of the Federal interest in Conrail common stock has been consummated. Makes the Regional Rail Reorganization Act of 1973 inapplicable to Conrail after the sale of the Federal interest in Conrail common stock has been consummated. Makes specified provisions of such Act still applicable to Conrail under certain conditions. Directs the Secretary to implement the plan to sell Conrail common stock to the Norfolk Southern Corporation. States that such implementation, and the coordinated operation of Conrail's properties with those of Norfolk Southern Corporation and its affiliates as a single rail system, are deemed approved by Interstate Commerce Commission. Directs the Secretary to implement the Secretary's Plan by performing specified Definitive Agreements which shall conform substantially with the Memorandum of Intent between the United States and Norfolk Southern Corporation signed February 8, 1985. Repeals provisions which allow the sale of Conrail common stock to other railroads or to certain railroad employees. Authorizes the Secretary to recapitalize Conrail in such a way that the Federal interest in any debt or preferred stock is cancelled and contributed to the Corporation's capital. Sets forth guidelines under which the Norfolk Southern Corporation may bring suit against the United States for breach of specified representations. Provides protective labor conditions under specified arbitration provisions to certain personnel whose employment is adversely affected by the sale of the Federal interest in Conrail common stock. Amends the Northeast Rail Service Act of 1981 to confer jurisdiction upon a special Federal district court (established by the judicial panel on multi-district litigation) to hear civil actions relating to: (1) the Conrail Sale Amendments of 1985; (2) enforcement of the Secretary's Plan or the Definitive Agreements (pertaining to the Conrail sale); and (3) the value of the interest in Conrail Equity Corporation preferred stock of the Conrail Employees Stock Ownership Plan (ESOP) and related trusts. Provides that, with certain exceptions, no persons connected with the Conrail ESOP shall be subject to any fiduciary obligation or fiduciary civil liability for actions pertaining to the Secretary's Plan or disposition of Conrail Equity Corporation assets. Deems as qualified under the Internal Revenue Code any Conrail ESOP maintained or adopted in implementing the Secretary's Plan. Title II: Technical and Conforming Amendments - Makes technical and conforming amendments to various laws affected by this Act. Title III: Miscellaneous Provisions - States that Conrail's status as a common carrier is not affected by the sale of the Federal interest in Conrail common stock.

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

Timeline

7 March 1985
Introduced
Read twice and referred to the Committee on Commerce.
Source: IntroReferral
7 March 1985
Introduced
Introduced in Senate
Source: IntroReferral
18 April 1985
Committee
Committee on Commerce. Committee consideration and Mark Up Session held.
Source: Committee
30 April 1985
Reported
Committee on Commerce. Ordered to be reported with amendments favorably.
Source: Committee
27 June 1985
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 215.
Source: Calendars
27 June 1985
Reported
Committee on Commerce. Reported to Senate by Senator Danforth with amendments. With written report No. 99-98. Minority views filed.
Source: Committee
27 June 1985
Reported
Committee on Commerce. Reported to Senate by Senator Danforth with amendments. With written report No. 99-98. Minority views filed.
Source: Committee
21 January 1986
Floor
Motion to proceed to consideration of measure made in Senate.
Source: Floor
22 January 1986
Floor
Motion to proceed considered in Senate.
Source: Floor
23 January 1986
Floor
Motion to proceed considered in Senate.
Source: Floor
27 January 1986
Floor
Considered by Senate.
Source: Floor
28 January 1986
Floor
Considered by Senate.
Source: Floor
29 January 1986
Floor
Considered by Senate.
Source: Floor
30 January 1986
Floor
Considered by Senate.
Source: Floor
4 February 1986
Vote
Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 54-39. Record Vote No: 12.
Source: Floor
4 February 1986
Floor
Considered by Senate.
Source: Floor
26 September 1986
Floor
Returned to the Senate pursuant to the provisions of H.Res. 562, as in contravention of the first clause of the seventh section of the first article of the Constitution.
Source: Floor

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

Versions

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

Documents

3 official files

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Passed Senate amended
summary · EN · 4 February 1986
Open at official source
Reported to Senate with amendment(s)
summary · EN · 27 June 1985
Open at official source
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Introduced in Senate
summary · EN · 7 March 1985
Open at official source
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Related records

related to → A resolution returning to the Senate the bill S. 638.
amends ← SAMDT 1178
amends ← SAMDT 1177
amends ← SAMDT 1175
amends ← SAMDT 1176
amends ← SAMDT 1182
amends ← SAMDT 1180
amends ← SAMDT 1181
amends ← SAMDT 1179

Showing 9 of 166 related records.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/99th-congress/senate-bill/638
Open data entity: https://api.congress.gov/v3/bill/99/s/638
us · 99-s-638 · source updated 14 January 2025