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S. 920

Rail Infrastructure Preservation Act of 1995

Rail Infrastructure Preservation Act of 1995 - Amends Federal transportation law to authorize appropriations for local rail freight assistance.

Authorizes the Secretary of Transportation to declare that a disaster has occurred and that Federal funding is necessary to repair and rebuild rail lines damaged by it. Prohibits such assistance unless emergency disaster relief funds are appropriated for such purpose.

Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to declare that it is the purpose of the Congress to promote the revitalization of the railway system through, among other things, preservation of light density lines.

Revises interest rate, repayment, and prepayment penalty requirements with respect to guaranteed railroad improvement loans.

Subcommittee on Surface Transportation. Hearings held.

Sen. Pressler, Larry [R-SD](R-SD)Sponsor
1 cosponsor1 D
1cosponsors1committees4actions2related bills14subjects
  1. Committee

    Subcommittee on Surface Transportation. Hearings held.

    Surface Transportation and Merchant Marine Subcommittee
  2. IntroReferral

    Read twice and referred to the Committee on Commerce.

    Commerce, Science, and Transportation Committee
  3. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S8380-8381)

  4. IntroReferral10000

    Introduced in Senate

Rail Infrastructure Preservation Act of 1995 — Informed