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45 U.S. Code § 701 - Congressional declaration of policy | U.S. Code | US Law | LII

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Essential rail service in the midwest and northeast

of the United

is provided by

which are today insolvent and attempting to undergo reorganization under the

.

This essential rail service is threatened with cessation or significant curtailment because of the inability of the trustees of such

to formulate acceptable plans for reorganization. This rail service is operated over rail properties which were acquired for a public use, but which have been permitted to deteriorate and now require extensive rehabilitation and modernization.

The public convenience and necessity require adequate and efficient rail service in this

and throughout the Nation to meet the needs of commerce, the national defense, the environment, and the service requirements of passengers, United

mail, shippers,

and their political subdivisions, and consumers.

Continuation and improvement of essential rail service in this

is also necessary to preserve and maintain adequate national rail services and an efficient national rail transportation system.

Rail service and rail transportation offer economic and environmental advantages with respect to land use, air pollution, noise levels, energy efficiency and conservation, resource allocation, safety, and cost per ton-mile of movement to such extent that the preservation and maintenance of adequate and efficient rail service is in the national interest.

These needs cannot be met without substantial action by the Federal Government.

the identification of a rail service system in the midwest and northeast

which is adequate to meet the needs and service requirements of this

and of the national rail transportation system;

the reorganization of

in this

into an economically viable system capable of providing adequate and efficient rail service to the

the establishment of the United

Railway

, with enumerated powers and responsibilities;

the establishment of the Consolidated Rail

, with enumerated powers and responsibilities;

assistance to

and local and regional transportation authorities for continuation of local rail services threatened with cessation; and

necessary Federal financial assistance at the lowest possible cost to the general tax­payer.

Editorial Notes

The Bankruptcy Act, referred to in subsec. (a)(1), is act July 1, 1898, ch. 541, 30 Stat. 544, which was classified generally to former Title 11, Bankruptcy. The Act was repealed effective Oct. 1, 1979, by Pub. L. 95–598, §§ 401(a), 402(a), Nov. 6, 1978, 92 Stat. 2682, section 101 of which enacted revised Title 11. For current provisions relating to railroad reorganization, see subchapter IV (§ 1161 et seq.) of chapter 11 of Title 11.

Statutory Notes and Related Subsidiaries

Pub. L. 94–555, title II, § 201, Oct. 19, 1976, 90 Stat. 2616, provided that:

“This title [amending sections

,

,

,

,

,

,

,

,

,

,

,

,

,

,

,

,

, and

of this title,

, Education, sections 1a, 5, 5c, 13, 15, 17, 22, 26c, and 1653 of former Title 49, Transportation, and enacting provisions set out as notes under

, Commerce and Trade, and sections 1a and 1654 of former Title 49] may be cited as the ‘

’.”

Pub. L. 94–5, § 1, Feb. 28, 1975, 89 Stat. 7, provided:

“That this Act [enacting

and amending sections 712, 715, 716, 717, 721, 723, 725, and 743 of this title] may be cited as the ‘

’.”

Pub. L. 93–236, title VI, § 604, Jan. 2, 1974, 87 Stat. 1023, provided that:

“If any provision of this Act [enacting this chapter and amending section 856 of former Title 31, Money and Finance, and section 1(16) of former Title 49, Transportation] or the application thereof to any person or circumstances is held invalid, the remainder of this Act and the application of such provision to other persons or circumstances shall not be affected thereby.”

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