legislation: 99-s-2833

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
99-s-2833 99 s 2833 Conrail Privatization Act of 1986 Transportation and Public Works 1986-09-18 1986-09-18 Read twice and referred to the Committee on Commerce. Senate Sen. Specter, Arlen [R-PA] PA R S000709 0 Conrail Privatization Act of 1986 - Title I: Conrail - Subtitle A: Sale of Conrail - Requires the Secretary of Transportation to retain the services of investment bankers, within 30 days after the date of enactment of this Act, to manage the public offering of such common stock of the Consolidated Rail Corporation (Conrail) as the Secretary deems appropriate. Sets forth procedures for such public offering. Subtitle B: Other Matters Relating to the Sale - Prescribes other matters relating to the sale, including rail service guarantees, ownership limitations, provisions for employees, and essential rail service loan guarantees. Subtitle C: Miscellaneous Technical and Conforming Amendments and Repeals - Abolishes the U.S. Railway Association. Sets forth the applicability of the Regional Railroad Reorganization Act of 1973 to Conrail after the sale. Makes other conforming amendments to the Northeast Rail Service Act of 1981, the Railroad Revitalization and Regulatory Reform Act of 1976, and the Rail Safety and Service Improvement Act of 1982. Makes other amendments relating to the liability of directors, the effect of this Act on contractors, and employee issues. 2025-08-29T16:32:17Z  

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