[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2264 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2264

    To provide for certain protections in the sale of a short line 
                   railroad, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                 July 1 (legislative day, June 7), 1994

   Mr. Dorgan (for himself, Mr. Leahy, Mr. Conrad, Ms. Mikulski, Mr. 
DeConcini, Mr. Feingold, Mr. Kohl, Mr. Jeffords, Mr. Riegle, Mr. Simon, 
Mr. Wellstone, and Mr. Metzenbaum) introduced the following bill; which 
was read twice and referred to the Committee on Commerce, Science, and 
                             Transportation

_______________________________________________________________________

                                 A BILL


 
    To provide for certain protections in the sale of a short line 
                   railroad, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT LINE CONSTRUCTION, ACQUISITION, AND OPERATION.

    Section 10901 of title 49, United States Code, is amended--
            (1) in subsection (c)--
                    (A) by redesignating paragraph (2) as paragraph 
                (3); and
                    (B) by inserting after paragraph (1) the following 
                new paragraph:
    ``(2) The Commission shall, in any order approving an application 
under this section, require a fair and equitable arrangement for 
protection of the interests of railroad employees who may be affected 
thereby no less protective of and beneficial to the interests of such 
employees than those established pursuant to section 11347 of this 
title.''; and
            (2) by striking subsection (e).

SEC. 2. FINANCIAL ASSISTANCE TO AVOID ABANDONMENT AND DISCONTINUANCE.

    Section 10905 of title 49, United States Code, is amended by adding 
at the end the following new subsection:
    ``(g) No sale or offer of financial assistance shall be approved 
unless the Commission certifies a fair and equitable arrangement for 
the protection of the interests of employees who may be affected by 
such approval no less protective of and beneficial to the interests of 
such employees than those established pursuant to section 11347 of this 
title.''.
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