3.0.0 1501 2023-01-15T06:17:47Z 2023-01-15T06:17:47Z Senate S S 2003-07-30 108 sscm00 Commerce, Science, and Transportation Committee Senate Standing Hearings by 2003-10-02T20:24:00Z Referred to 2003-07-30T22:55:02Z Passenger Rail Investment Reform Act 108 3211 HR 2003-10-01 Referred to the Subcommittee on Railroads. Related bill CRS Companion bill Senate 2003-10-02 sscm00 Commerce, Science, and Transportation Committee Senate Committee on Commerce, Science, and Transportation. Hearings held. Hearings printed: S.Hrg. 108-994. Committee 2003-07-30 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. (text of measure as introduced: CR S10278-10285) IntroReferral 2003-07-30 Sponsor introductory remarks on measure. (CR S10278) IntroReferral B00100 9 Library of Congress 2003-07-30 Introduced in Senate IntroReferral 10000 9 Library of Congress M000303 Sen. McCain, John [R-AZ] JOHN MCCAIN R AZ SIDNEY Y Transportation and Public Works Accounting Administrative procedure Advice and consent of the Senate Air pollution control Bonds Bridges Capital investments Chief executive officers Commerce Competitive bidding Congress Congressional oversight Congressional reporting requirements Connecticut Construction costs Corporate debt Corporate reorganizations Corporation directors Corporations Delaware Department of Transportation District of Columbia Dividends Economics and Public Finance Eminent domain Employee rights Environmental Protection Environmental assessment Executive reorganization Federal aid to transportation Federal employees Federal officials Federal-city relations Federal-state relations Finance and Financial Sector Financial statements Government Operations and Politics Government corporations Government paperwork Illinois Infrastructure Infrastructure (Economics) Intermodal transportation Interstate compacts Labor and Employment Land transfers Law Leases Liability insurance Liens Loans Losses Maintenance and repair Maryland Massachusetts Metropolitan areas Mortgages National Railroad Passenger Corporation (Amtrak) New Jersey New York State Northeastern States Pennsylvania Planning-programming-budgeting Presidential appointments Public Lands and Natural Resources Public-private partnerships Railroad commuting traffic Railroad employees Railroad engineering Railroad equipment Railroad finance Railroad freight operations Railroad management Railroad passenger traffic Railroad safety Railroad terminals Railroads Rhode Island Right-of-way Security measures Severance pay Stock repurchasing Stocks Traffic congestion Traffic signs and signals Transfer of employees Transportation planning Tunnels Urban affairs Valuation Transportation and Public Works 00 2003-07-30 Introduced in Senate 2004-03-15T19:41:53Z Passenger Rail Investment Reform Act - Amends Federal transportation law to require the restructuring of Amtrak into successor corporations named the Passenger Rail Service Provider (Provider) and the Passenger Rail Infrastructure Manager (Manager). Reorganizes the Board of Directors into a transition board, which shall prepare the restructuring plan.

Grants the Provider the exclusive right for three years to continue to provide intercity passenger rail service currently provided by Amtrak; but after three years only under a contract.

Grants the Manager the exclusive right for six years to continue to provide the dispatching, maintenance, and infrastructure services currently provided by Amtrak; but after six years only under a contract.

Authorizes the States and the District of Columbia that constitute the Northeast Corridor (NEC) to enter into a multistate Northeast Corridor Compact, subject to congressional approval, to provide passenger rail service and conduct related activities in the NEC. Establishes a Northeast Corridor Compact Commission to prepare such compact, which shall provide for full authority for 99 years to succeed to the responsibilities of Amtrak as NEC operator, subject to a 99-year lease from the Department of Transportation.

Prescribes general requirements of the compact to protect employee interests. Authorizes the Secretary of Transportation to develop a program for employee transition assistance.

Authorizes the Secretary, after the first fiscal year following enactment of this Act, to make grants for operating assistance, according to a specified formula, to reimburse operators of long-distance routes and corridor feeder routes for their intercity passenger rail operating expenses.

Specifies conditions and limitations on the availability of grants to Amtrak, including preparation of a capital spending plan, before its successor corporations are established and commence operations.

Prescribes procedures for redemption and disposition of Amtrak stock and the transfer of assets to the successor corporations and/or the Compact, as well as real estate, facilities, and secured debt.

Authorizes the Secretary to make grants to an applicant State, interstate compact, or public agency to assist in financing the capital costs of facilities and equipment necessary to provide intercity passenger rail transportation.

Authorizes interested States to enter into interstate compacts for corridor development.

]]> Passenger Rail Investment Reform Act Display Title Passenger Rail Investment Reform Act Official Title as Introduced A bill to amend title 49, United States Code, to provide for stable, productive, and efficient passenger rail service in the United States, and for other purposes. Introduced in Senate IS Short Titles as Introduced Passenger Rail Investment Reform Act Popular Titles Amtrak, FY2004-FY2006 Authorization bill 9 Library of Congress Introduced in Senate 2003-07-30T04:00:00Z 2003-10-02 Committee on Commerce, Science, and Transportation. Hearings held. Hearings printed: S.Hrg. 108-994. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.