Title 45 — RailroadsRelease 119-73
§1302 Purposes
Title 45 › Chapter CHAPTER 22— - CONRAIL PRIVATIZATION › Subchapter SUBCHAPTER I— - GENERAL PROVISIONS › § 1302
Summary
Privatize the U.S. stake in the Corporation while ensuring the company stays viable, maintains Northeast/Midwest rail service, protects public rail interests, and, if compatible, maximizes proceeds.
Full Legal Text
Title 45, §1302
Railroads — Source: USLM XML via OLRC
The purposes of this chapter are to transfer the interest of the United States in the common stock of the Corporation to the private sector in a manner that provides for the long-term viability of the Corporation, provides for the continuation by the Corporation of its rail service in the Northeast and Midwest, provides for the protection of the public interest in a sound rail transportation system, and, to the extent not inconsistent with such purposes, secures the maximum proceeds to the United States.
Reference
Citations & Metadata
Citation
45 U.S.C. § 1302
Title 45 — Railroads
Last Updated
Apr 6, 2026
Release point: 119-73