Science Fair Project Encyclopedia
Railroad Revitalization and Regulatory Reform Act
The United States Railroad Revitalization and Regulatory Act of 1976, funded the reorganized bankrupt Northeast and Midwest railroads that formed Conrail in 1975. The act also authorized financial subsidies for upgrading rail facilities.
It was soon succeeded by the Staggers Act of 1980 (passed under Democrat Jimmy Carter) which deregulated rail, in contrast with the earlier 1970 tendencies (under Republican and nominally pro-market Gerald Ford) towards nationalization.
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details