Consolidated Rail Corporation Profit Transfer Act of 1985

Summary

Consolidated Rail Corporation Profit Transfer Act of 1985 - Amends the Regional Rail Reorganization Act of 1973 to direct the Consolidated Rail Corporation (Conrail) to pay all profits earned for FY 1986 and 1987 to the National Railroad Passenger Corporation (Amtrak). Authorizes the United States Railway Association to monitor the compliance of Conrail in making such payments. Prohibits any payments made by Conrail from exceeding losses incurred by Amtrak during the fiscal year preceding the date of such payment. Requires Amtrak to use all monies paid by Conrail to offset losses incurred during the fiscal year preceding receipt of such monies.

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Timeline

1. 23 April 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 23 April 1985

   Introduced

   Read twice and referred to the Committee on Commerce.

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 23 April 1985

  Open at official source

Sponsors

• Sen. Specter, Arlen [R-PA] · R · Sponsor
• · sscm00 · Standing

Related records

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