3.0.0 3360 2019-11-15T21:57:52Z 2019-11-15T21:57:52Z Senate S S 2008-07-29 110 ssfi00 Finance Committee Senate Standing Referred to 2008-07-29T21:51:18Z 2008-07-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7633-7636) IntroReferral 2008-07-29 Sponsor introductory remarks on measure. (CR S7633) IntroReferral B00100 9 Library of Congress 2008-07-29 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2008-07-29 True Transportation and Public Works Administrative procedure Aerospace industries Automobile industry Bonds Buy American Commerce Congress Congressional investigations Congressional reporting requirements Department of Transportation Diesel motor Dislocated workers Economics and Public Finance Employee training Energy Excise tax Federal aid to transportation Finance and Financial Sector Foreign Trade and International Finance Fuel Gasoline Government Operations and Politics Government corporations Government trust funds Highspeed ground transportation Highway finance Income tax Labor and Employment Law Manufacturing industries National Railroad Passenger Corporation (Amtrak) Petroleum Railroad commuting traffic Railroad employees Railroad engineering Railroad equipment Railroad finance Railroad passenger traffic Railroad retirement plans Tax credits Taxation Transportation planning Transportation and Public Works 00 2008-07-29 Introduced in Senate 2008-11-28T22:52:43Z Creating American Rolling Stock Act of 2008 or the Train CARS Act - Authorizes the Secretary of Transportation to award grants to eligible applicants to purchase or rehabilitate domestically manufactured rolling stock for intercity passenger rail transportation. Prohibits Secretary approval of a grant project without a state rail plan.

Sets forth certain Buy American requirements.

Directs Amtrak to establish a Next Generation Corridor Equipment Pool Committee.

Amends the Internal Revenue Code to create an Intercity Passenger Rail Rolling Stock Account.

Allows a tax credit to a holder of a qualified Amtrak bond issued for projects to purchase or rehabilitate domestically manufactured rolling stock for intercity passenger rail transportation (rail infrastructure investment).

Requires the Comptroller General to study the potential costs, benefits, and economic impact of providing intercity passenger rail along a national railway electrification system.

Directs the Secretary of Labor to report to Congress on existing federal programs that could assist in the training of automotive, aviation, and manufacturing workers to transition to the railcar manufacturing industry.

]]> Creating American Rolling Stock Act of 2008 Short Titles as Introduced Creating American Rolling Stock Act of 2008 Short Titles as Introduced Train CARS Act Display Title Creating American Rolling Stock Act of 2008 Official Title as Introduced A bill to increase the availability of domestically manufactured passenger cars for intercity passenger rail service, and for other purposes. Introduced in Senate 2008-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3360is/xml/BILLS-110s3360is.xml 2008-07-29 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7633-7636) 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.