House approves STB reauthorization

December 12, 2015

From Progressive Railroading Magazine, December 11, 2015

The U.S. House yesterday unanimously approved the Surface Transportation Board Reauthorization Act of 2015 (S. 808), a bipartisan bill that proposes to reauthorize and reform the STB. The bill, which the Senate passed earlier this year, now goes to President Obama for his signature.Website Insert Gathering of Professionals 1 copy

The bill represents the first reauthorization of the STB and update of rail economic regulation in 20 years. The measure proposes to remove the STB from the U.S. Department of Transportation — establishing the board as an independent agency — and increase the number of STB commissioners from three to five.

The bill makes “common sense improvements” to the agency’s efficiency, processes and decision-making, said House Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.) in a press release.

Click here to read the full story.

 

Previous post:

Next post: