Summary: S.3438 — 93rd Congress (1973-1974)All Information (Except Text)

There is one summary for S.3438. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/02/1974)

Rural Rail Preservation and Improvement Act - Requires the Secretary of Transportation to prepare a comprehensive report containing his conclusions with respect to essential rail services within a specifically defined region, essentially comprising the Northeastern United States, pertaining to the geographic zones at and between which rail service should be provided.

Requires the Secretary to formulate and submit to Congress a national transportation policy within one hundred and eighty days after enactment of this Act.

Requires the Rail Services Planning Offices to prepare a detailed information survey and detailed comprehensive reports with respect to States outside the region.

Requires the Interstate Commerce Commission to report within ninety days of enactment of this Act the environmental effects of abandonments and imposes a 730-day moratorium on such abandonments.

Provides subsidies for rail properties remaining in condition for rail service which have been issued a certificate of abandonment within 5 years prior to enactment of the Regional Rail Reorganization Act of 1973.

Authorizes to be appropriated up to $200,000,000 for rail service continuation subsidies for each of the first two fiscal years including and following the enactment of this Act.