Regional Rail Reorganization Act Law and Legal Definition

The Regional Rail Reorganization Act (“Act”) is a federal legislation enacted in 1973. The Act provides railway service in the Midwest and northeast region of the U.S. The railway service under this Act is operated over rail properties which were acquired for a public use. The Act facilitates with public convenience that is required for an adequate and efficient rail service in the U.S. The Act also provides railway service in order to meet the needs of:

1. Commerce;

2.National defense;

3.Environment.

The Act provides railway service and rail transportation that offers economic and environmental advantages with respect to land use, air pollution, noise levels, energy efficiency and conservation. The Act also provides for preservation and maintenance of adequate and efficient rail service in the national interest.

According to 45 USCS § 701, the following are the purposes of the Act:

1. To provide reorganization of railroads which is capable of providing adequate and efficient rail service to the region;

2.To establish establishment the U.S. Railway Association, with enumerated powers and responsibilities;

3.To establish Consolidated Rail Corporation, with enumerated powers and responsibilities;

4.To assist states and local and regional transportation authorities for continuation of local rail services; and

5.To provide federal financial assistance at the lowest possible cost to the general taxpayer.