[Congressional Record Volume 141, Number 189 (Wednesday, November 29, 1995)]
[House]
[Pages H13804-H13805]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               AMENDMENTS

  Under clause 6 of rule XXIII, proposed amendments were submitted as 
follows:

                               H.R. 1788

                        Offered By: Mr. Clement

       Amendment No. 2: Page 36, after line 21, insert the 
     following new section:

     SEC. 617. RAILROAD LOAN GUARANTEES.

       (a) Declaration of Policy.--Section 101(a) of the Railroad 
     Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 
     801(a)(4)) is amended to read as follows:
       ``(4) continuation of service on, or preservation of, light 
     density lines that are necessary to continued employment and 
     community well-being throughout the United States;''.
       (b) Maximum Rate of Interest.--Section 511(f) of the 
     Railroad Revitalization and Regulatory Reform Act of 1976 (45 
     U.S.C. 831(f)) is amended by striking ``shall not exceed an 
     annual percentage rate which the Secretary determines to be 
     reasonable, taking into consideration the prevailing interest 
     rates for similar obligations in the private market.'' and 
     inserting in lieu thereof ``shall not exceed the annual 
     percentage rate charged equivalent to the cost of money to 
     the United States.''.
       (c) Minimum Repayment Period and Prepayment Penalties.--
     Section 511(g)(2) of the Railroad Revitalization and 
     Regulatory Reform Act of 1976 (45 U.S.C. 831(g)(2)) is 
     amended to read as follows:
       ``(2) payment of the obligation is required by its terms to 
     be made not less than 15 years nor more than 25 years from 
     the date of its execution, with no penalty imposed for 
     prepayment after 5 years;''.
       (d) Determination of Repayability.--Section 511(g)(5) of 
     the Railroad Revitalization and Regulatory Reform Act of 1976 
     (45 U.S.C. 831(g)(5) is amended to read as follows:
       ``(5) either the loan can reasonably be repaid by the 
     applicant or the loan is collaterallized at no more than the 
     current value of assets being financed under this section to 
     provide protection to the United States;''.

                               H.R. 1788

                         Offered By: Mr. Nadler

       Amendment No. 3: Page 11, after line 11, insert the 
     following new section:

     SEC. 209. TRACKAGE RIGHTS FOR FREIGHT TRANSPORTATION.

       Section 24904 of title 49, United States Code, is amended--
       (1) in subsection (a)--
       (A) by striking ``rail freight or'' in paragraph (6);
       (B) by striking ``and'' at the end of paragraph (7);
       (C) by striking the period at the end of paragraph (8) and 
     inserting in lieu thereof ``; and''; and

[[Page H 13805]]

       (D) by adding at the end the following new paragraph:
       ``(9) consistent with safety and with priority for 
     intercity and commuter rail passenger transportation, make 
     agreements for rail freight transportation over rights-of-way 
     and facilities acquired under the Regional Rail 
     Reorganization Act of 1973 (45 U.S.C. 701 et seq.) and the 
     Railroad Revitalization and Regulatory Reform Act of 1976 (45 
     U.S.C. 801 et seq.), notwithstanding any provision of law or 
     contractual provision restricting the ability of Amtrak to 
     enter into such an agreement.''; and
       (2) in subsection (c)(1) and (3), by inserting ``or (9)'' 
     after ``subsection (a)(6)''.