About: Railroad Revitalization and Regulatory Reform Act

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The Railroad Revitalization and Regulatory Reform Act of 1976, often called the "4R Act," is a United States federal law that established the basic outlines of regulatory reform in the railroad industry and provided transitional operating funds following the 1970 bankruptcy of Penn Central Transportation Company. The law approved the "Final System Plan" for the newly created Conrail and authorized acquisition of Northeast Corridor tracks and facilities by Amtrak.

Attributes	Values
rdfs:label	Railroad Revitalization and Regulatory Reform Act (en)
rdfs:comment	The Railroad Revitalization and Regulatory Reform Act of 1976, often called the "4R Act," is a United States federal law that established the basic outlines of regulatory reform in the railroad industry and provided transitional operating funds following the 1970 bankruptcy of Penn Central Transportation Company. The law approved the "Final System Plan" for the newly created Conrail and authorized acquisition of Northeast Corridor tracks and facilities by Amtrak. (en)
dcterms:subject	History of rail transportation in the United States 1976 in law United States railroad regulation 1976 in rail transport United States federal transportation legislation
Wikipage page ID	67068 (xsd:integer)
Wikipage revision ID	1123122668 (xsd:integer)
Link from a Wikipage to another Wikipage	History of rail transportation in the United States Motor Carrier Act of 1980 Passenger train Boston Penn Central Transportation Company Richard Nixon United States Congress United States federal law Deregulation Congressional Budget Office Conrail Gerald Ford 1976 in law Legal Information Institute Staggers Rail Act United States railroad regulation 1976 in rail transport United States federal transportation legislation Train station Washington, D.C. Airline Deregulation Act Amtrak Bankruptcy Northeast Corridor United States Government Publishing Office Interstate Commerce Act History of rail transport in the United States Jimmy Carter Rail tracks Railroad Right-of-way (transportation) United States Railway Association Rail Passenger Service Act Staggers Act dbr:Daniel_O'Neal
Link from a Wikipage to an external page	https://www.gpo.gov/fdsys/pkg/USCODE-2013-title45/html/USCODE-2013-title45-chap17.htm https://www.law.cornell.edu/uscode/text/45/chapter-17
sameAs	Railroad Revitalization and Regulatory Reform Act Railroad Revitalization and Regulatory Reform Act Railroad Revitalization and Regulatory Reform Act
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align	center (en)
quote	Purpose (en) It is the purpose of the Congress in this Act to provide the means to rehabilitate and maintain the physical facilities, improve the operations and structure, and restore the financial stability of the railway system of the United States, and to promote the revitalization of such railway system, so that this mode of transportation will remain viable in the private sector of the economy and will be able to provide energy-efficient, ecologically compatible transportation services with greater efficiency, effectiveness, and economy, through - : ratemaking and regulatory reform; : the encouragement of efforts to restructure the system on a more economically justified basis, including planning authority in the Secretary of Transportation, an expedited procedure for determining whether merger and consolidation applications are in the public interest, and continuing reorganization authority; : financing mechanisms that will assure adequate rehabilitation and improvement of facilities and equipment, implementation of the final system plan, and implementation of the Northeast Corridor project; : transitional continuation of service on light-density rail lines that are necessary to continued employment and community well-being throughout the United States; : auditing, accounting, reporting, and other requirements to protect Federal funds and to assure repayment of loans and financial responsibility; and : necessary studies. Policy (en) In addition to providing short-term financial assistance, Congress in approving this legislation has taken a fundamental step to restore the long-term economic health of this vital American industry. The regulatory reform provisions in this bill are long overdue, and I commend the Congress for this farsighted and necessary action. (en) An equally important task facing us now is to extend the principles of reform embodied in this legislation to the aviation and motor carrier industries. In these industries, we must strive to create a regulatory climate which relies on competitive forces, rather than on inflexible and bureaucratic directives of Federal agencies, to determine which firm will provide the desired transportation services and at what price. The time has come to place greater reliance on market competition. (en) This kind of fundamental change in government policy takes time. Every President since Harry S. Truman has called in vain for increased competition and reform of our regulated industries. For example, the Landis Report commissioned by President-elect Kennedy in 1960 recommended major policy revisions in transportation regulation. But for more than a quarter of a century, the Nation has had no results. In contrast, the Railroad Revitalization and Regulatory Reform Act is the first significant reform of transportation regulation by any administration--or Congress. (en) It is declared to be the policy of the Congress in this Act to - : balance the needs of carriers, shippers, and the public; : foster competition among all carriers by railroad and other modes of transportation, to promote more adequate and efficient transportation services, and to increase the attractiveness of investing in railroads and rail-service-related enterprises; : permit railroads greater freedom to raise or lower rates for rail services in competitive markets; : promote the establishment of railroad rate structures which are more sensitive to changes in the level of seasonal, regional, and shipper demand; : promote separate pricing of distinct rail and rail-related services; : formulate standards and guidelines for determining adequate revenue levels for railroads; and : modernize and clarify the functions of railroad rate bureaus. (en)
width	95.0 (perCent)
has abstract	The Railroad Revitalization and Regulatory Reform Act of 1976, often called the "4R Act," is a United States federal law that established the basic outlines of regulatory reform in the railroad industry and provided transitional operating funds following the 1970 bankruptcy of Penn Central Transportation Company. The law approved the "Final System Plan" for the newly created Conrail and authorized acquisition of Northeast Corridor tracks and facilities by Amtrak. The Act was the first in a series of laws which collectively are described as the deregulation of transportation in the United States. It was followed by the Airline Deregulation Act (1978), Staggers Rail Act (1980), and the Motor Carrier Act of 1980. (en)
gold:hypernym	United
prov:wasDerivedFrom	wikipedia-en:Railroad_Revitalization_and_Regulatory_Reform_Act?oldid=1123122668&ns=0
page length (characters) of wiki page	12106 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Railroad_Revitalization_and_Regulatory_Reform_Act
is Link from a Wikipage to another Wikipage of	4R 4R Act List of United States federal legislation, 1901–2001 Motor Carrier Act of 1980 United States Department of Transportation Interstate Commerce Commission Conrail Rail Services Act Cleveland Short Line Railway Mahoning Coal Railroad Staggers Rail Act February 1976 CSX Corporation 94th United States Congress Amtrak Northeast Corridor Northern Central Railway History of rail transportation in the United States Public service law in the United States Interstate Commerce Act of 1887 Kalamazoo and White Pigeon Railroad Philadelphia, Baltimore and Washington Railroad Rail transportation in the United States Rails-to-Trails Conservancy United States Railway Association Transportation policy of the United States Outline of rail transport Title 45 of the United States Code

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