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Bill97th CongressFiled Nov 20, 1981Transportation and Public Works
S. 1879

Milwaukee Railroad and Rock Island Railroad Amendments Act

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What it doesSummary passed senate amended (Mar 2, 1982)

(Measure passed Senate, amended)

Milwaukee Railroad and Rock Island Railroad Amendments Act - Amends the Milwaukee Railroad Restructuring Act to define a "financially responsible person" as one who is capable of paying the purchase price of a railroad line proposed to be acquired and is able to cover the cost of providing service over the line for at least four years.

Revises procedures by which the Interstate Commerce Commission (ICC) oversees the purchase of bankrupt rail lines by such financially responsible persons.

Amends the Rock Island Railroad Transition and Employee Assistance Act to grant authority to the ICC to authorize continued rail service under this Act over the lines of the Rock Island Railroad until the disposition of the properties of the estate of the Rock Island Railroad.

Extends ICC authority to order directed service over certain commuter lines of the Rock Island Railroad.

Amends the Interstate Commerce Act to eliminate limitations on the amount of railroad equipment used to transport paper products and certain forest products pursuant to contracts.

What just happenedMay 12, 1982

See Title II of H.R. 6308.

Who’s behind it

Sen. Kassebaum, Nancy Landon [R-KS](R-KS)Sponsor
12 cosponsors
Read on Congress.gov
2committees1related bills
Passed Senate amendedMar 2, 198235
(Measure passed Senate, amended)

Milwaukee Railroad and Rock Island Railroad Amendments Act - Amends the Milwaukee Railroad Restructuring Act to define a "financially responsible person" as one who is capable of paying the purchase price of a railroad line proposed to be acquired and is able to cover the cost of providing service over the line for at least four years.

Revises procedures by which the Interstate Commerce Commission (ICC) oversees the purchase of bankrupt rail lines by such financially responsible persons.

Amends the Rock Island Railroad Transition and Employee Assistance Act to grant authority to the ICC to authorize continued rail service under this Act over the lines of the Rock Island Railroad until the disposition of the properties of the estate of the Rock Island Railroad.

Extends ICC authority to order directed service over certain commuter lines of the Rock Island Railroad.

Amends the Interstate Commerce Act to eliminate limitations on the amount of railroad equipment used to transport paper products and certain forest products pursuant to contracts.

Reported to Senate with amendment(s)Dec 14, 198101
(Reported to Senate from the Committee on Commerce, Science, and Transportation with amendment, S. Rept. 97-299)

Milwaukee Railroad and Rock Island Railroad Amendments Act - Amends the Milwaukee Railroad Restructuring Act to define a "financially responsible person" as one who is capable of paying the purchase price of a railroad line proposed to be acquired and is able to cover the cost of providing service over the line for at least four years.

Revises procedures by which the Interstate Commerce Commission (ICC) oversees the purchase of bankrupt rail lines by such financially responsible persons.

Amends the Rock Island Railroad Transition and Employee Assistance Act to grant authority to the ICC to authorize continued rail service under this Act over the lines of the Rock Island Railroad until the disposition of the properties of the estate of the Rock Island Railroad.

Amends the Interstate Commerce Act to eliminate limitations on the amount of railroad equipment used to transport paper products and certain forest products pursuant to contracts.

Introduced in SenateNov 20, 198100

Milwaukee Railroad and Rock Island Railroad Amendments Act - Amends the Milwaukee Railroad Restructuring Act to define a "financially responsible person" as one who is capable of paying the purchase price of a railroad line proposed to be acquired and is able to cover the cost of providing service over the line for at least two years.

Revises procedures by which the Interstate Commerce Commission (ICC) oversees the purchase of bankrupt rail lines by such financially responsible persons.

Amends the Rock Island Railroad Transition and Employee Assistance Act to declare that the ICC's authority to grant temporary operating approval for the use of Rock Island or Milwaukee Railroad facilities shall continue until a plan of reorganization or liquidation is approved by the ICC and the bankruptcy court.

Milwaukee Railroad and Rock Island Railroad Amendments Act — Informed