A bill to provide for an equitable resolution regarding leaseholds on abandoned rail line property.

Summary

Amends the Interstate Commerce Act to direct the Interstate Commerce Commission to determine the economic impact of a rail line abandonment when public convenience and necessity require or permit such abandonment. Directs the Commission, where such an abandonment will have an adverse affect upon a leaseholder and community, to provide specified conditions in its order of abandonment. Requires submission of disagreements as to the price for the sale of the subject property to binding arbitration.

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

Timeline

1. 19 March 1981

   Introduced

   Read second time and referred to Senate Committee on Commerce.

   Source: IntroReferral

2. 19 March 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 19 March 1981

  Open at official source

Sponsors

• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Rep. Andrews, Mark [R-ND-At Large] · R · Sponsor
• Rep. Pressler, Larry [R-SD-1] · R · Sponsor
• Rep. Abdnor, James [R-SD-2] · R · Sponsor
• Sen. Melcher, John [D-MT] · D · Sponsor
• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• · sscm00 · Standing

Related records

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