[Congressional Record Volume 169, Number 51 (Tuesday, March 21, 2023)]
[Senate]
[Pages S840-S841]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
RAIL SAFETY
Mr. SCHUMER. Mr. President, on the Norfolk Southern hearing, the many
consequences of Norfolk Southern's derailment in East Palestine
continue to reverberate today. That accident and the many that have
occurred since have forced Congress to confront an ugly realization:
Years of lobbying from rail companies and deregulation under Republican
administrations have empowered the rail industry to put profits over
people and endanger communities' safety.
Tomorrow, the CEO of Norfolk Southern will return to the Senate and
testify before the Commerce Committee. He will be joined by Jennifer
Homendy from the National Transportation Safety Board, as well as by
two colleagues, Senators Brown and Vance, who have pushed the
bipartisan Railway Safety Act.
We have heard Norfolk Southern's CEO say he is sorry for what
happened in East Palestine, but we have also heard him say he is open
to legislative efforts to enhance safety. I hope Norfolk Southern's CEO
follows up his apology with candid answers to some important questions:
One, why did Norfolk Southern, after seeing a record $3.3 billion in
profits last year, pursue billions--billions--in stock buybacks instead
of putting that money toward safety and toward their workers?
Two, why did the freight rail industry spend so much time and money
lobbying for deregulation while also cutting the industry's workforce
by, roughly, 20 percent?
And, three, will the chair of the NTSB, who will testify tomorrow, as
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well, also commit to expanding their investigation into Norfolk
Southern to include all class I freight rail companies so we can get to
the heart of the problems that lie within the rail industry?
The Senate needs answers. Communities like East Palestine need
answers. So many others deserve answers as well. I hope we will hear
some tomorrow.
I yield the floor.
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