Railroad Revitalization and Regulatory Reform Act

The Railroad Revitalization and Regulatory Reform Act of 1976, often called the "4R Act," is a United States federal law that established the basic outlines of regulatory reform in the railroad industry and provided transitional operating funds following the 1970 bankruptcy of Penn Central Transportation Company. The law approved the "Final System Plan" for the newly-created Conrail and authorized acquisition of Northeast Corridor tracks and facilities by Amtrak.

The Act was the first in a series of laws which collectively are described as the deregulation of transportation in the United States. It was followed by the Airline Deregulation Act (1978), Staggers Rail Act (1980), and the Motor Carrier Act of 1980.

Read more about Railroad Revitalization And Regulatory Reform Act:  Background, Overview of Law, Initial Reaction To The Act

Other articles related to "railroad revitalization and regulatory reform act, act, regulatory, railroads":

Railroad Revitalization And Regulatory Reform Act - Initial Reaction To The Act
... to the aims and provisions of the 4R Act ... The regulatory provisions had been enacted over several commissioners' objections, and the Commission's implementation of the Act initially had little impact on the way the rail industry functioned ... Also, in 1978 a group of major railroads formed an organization called TRAIN (Transportation by Rail for Agricultural and Industrial Needs) to support ...

Famous quotes containing the words act, reform and/or railroad:

    I’ve always thought a hotel ought to offer optional small animals.... I mean a cat to sleep on your bed at night, or a dog of some kind to act pleased when you come in. You ever notice how a hotel room feels so lifeless?
    Anne Tyler (b. 1941)

    Letters are above all useful as a means of expressing the ideal self; and no other method of communication is quite so good for this purpose.... In letters we can reform without practice, beg without humiliation, snip and shape embarrassing experiences to the measure of our own desires....
    Elizabeth Hardwick (b. 1916)

    People that make puns are like wanton boys that put coppers on the railroad tracks. They amuse themselves and other children but their little trick may upset a freight train of conversation for the sake of a battered witticism.
    Oliver Wendell Holmes, Sr. (1809–1894)