Regional Rail Reorganization Act of 1973

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The Regional Rail Reorganization Act of 1973 was a U.S. federal law that restructured bankrupt northeastern railroads and laid the groundwork for creating Conrail to maintain essential rail service.

All labels observed (2)

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Statements (50)

Predicate Object
instanceOf United States federal statute
rail transport law
administeredBy United States Railway Association
affectedCompany Central Railroad of New Jersey
Erie Lackawanna Railway
Lehigh Valley Railroad
Lehigh and Hudson River Railway
Penn Central Transportation Company
Pennsylvania-Reading Seashore Lines
Reading Company
appliesToRegion Midwestern United States
Northeastern United States
authorizedCreationOf Consolidated Rail Corporation
branchOfGovernment legislative branch of the United States
codifiedIn Title 45 of the United States Code
containsProvision criteria for inclusion or exclusion of rail lines in the Final System Plan
procedures for valuation and compensation for transferred rail properties
country United States
created United States Railway Association
enactedBy 93rd United States Congress
establishedBody Rail Services Planning Office
establishedProcess Final System Plan for rail service
historicalContext railroad financial crisis of the late 1960s and early 1970s
impact creation of a unified freight railroad system under Conrail
stabilization of rail service in the Northeast and Midwest
jurisdiction interstate rail carriers in specified regions
laidGroundworkFor Consolidated Rail Corporation
legalArea administrative law
bankruptcy law
transportation law
policyGoal preservation of viable rail service in the public interest
protection of shippers and communities dependent on rail service
providedFor federal financial assistance to reorganized railroads
transfer of designated rail properties to Conrail
publicLawNumber Public Law 93-236
purpose to facilitate continuation of rail freight and passenger service after railroad bankruptcies
to maintain essential rail services in the northeastern United States
to provide for the reorganization of railroads in the northeast and midwest regions of the United States
relatedTo Conrail
Penn Central bankruptcy
Railroad Revitalization and Regulatory Reform Act of 1976
shortName 3R Act
signedBy Richard Nixon
signingDate January 2, 1974
statutesAtLargeCitation 87 Stat. 985
subjectMatter bankruptcy of railroads
interstate commerce
railroad reorganization
title Regional Rail Reorganization Act of 1973
yearOfAct 1973

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Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Consolidated Rail Corporation createdUnderAct Regional Rail Reorganization Act of 1973
United States Railway Association legalBasis Regional Rail Reorganization Act of 1973
United States Railway Association partOf United States rail deregulation and restructuring era
linked to: Regional Rail Reorganization Act of 1973
Railroad Revitalization and Regulatory Reform Act relatedTo Regional Rail Reorganization Act of 1973
Regional Rail Reorganization Act of 1973 title Regional Rail Reorganization Act of 1973
CR (historical) underlyingCompanyLegalBasis Regional Rail Reorganization Act of 1973
Final System Plan legalBasis Regional Rail Reorganization Act of 1973
USRA Final System Plan reports describedInStatute Regional Rail Reorganization Act of 1973
USRA Final System Plan reports legalBasis Regional Rail Reorganization Act of 1973
Public Law 94-210 relatedTo Regional Rail Reorganization Act of 1973