Title 45 — RailroadsRelease 119-73not60

§1302 Purposes

Title 45 › Chapter 22— CONRAIL PRIVATIZATION › Subchapter I— GENERAL PROVISIONS › § 1302

Last updated Apr 5, 2026|Official source

Summary

Move U.S. ownership of the railroad’s stock into private hands while keeping the company viable, its Northeast–Midwest rail service running, the public interest protected, and, when consistent, getting the largest payment to the U.S.

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 5, 2026

Release point: 119-73not60