PRIA, Government Policy, Made Personal

Summary

Amtrak must have a President and other officers picked by its board of directors. Officers must be U.S. citizens and they serve as long as the board wants. The board sets their pay, but it cannot pay them more than the usual pay for officers at similar rail companies, unless Amtrak gets no federal money in that fiscal year. While working for Amtrak, an officer cannot have a job or money ties with another railroad. Owning stock in another railroad is allowed only if the officer publicly reports the holdings and does not take part in any decision that affects that railroad.

Title 49, §24303

Transportation, Source: USLM XML via OLRC

(a)Appointment and Terms.—

Amtrak has a President and other officers that are named and appointed by the board of directors of Amtrak. An officer of Amtrak must be a citizen of the United States. Officers of Amtrak serve at the pleasure of the board.

(b)Pay.—

The board may fix the pay of the officers of Amtrak. An officer may not be paid more than the general level of pay for officers of rail carriers with comparable responsibility. The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.

(c)Conflicts of Interest.—

When employed by Amtrak, an officer may not have a financial or employment relationship with another rail carrier, except that holding securities issued by a rail carrier is not deemed to be a violation of this subsection if the officer holding the securities makes a complete public disclosure of the holdings and does not participate in any decision directly affecting the rail carrier.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 24303(a)45:543(d) (1st, 4th, 5th sentences).Oct. 30, 1970, Pub. L. 91–518, § 303(d), 84 Stat. 1331; June 22, 1972, Pub. L. 92–316, § 1(a), 86 Stat. 227; May 26, 1975, Pub. L. 94–25, § 2, 89 Stat. 90; July 18, 1982, Pub. L. 97–216, § 101 (par. under heading “Grants to the National Railroad Passenger Corporation”), 96 Stat. 187; June 22, 1988, Pub. L. 100–342, § 18(c), 102 Stat. 636. 24303(b)45:543(d) (2d, 3d sentences). 24303(c)45:543(d) (last sentence). In subsection (a), the words “of directors of Amtrak” are added for clarity. In subsection (b), the words “rates of”, “president and other”, and “at a level” are omitted as surplus. In subsection (c), the words “direct or indirect” are omitted as surplus. The word “another” is substituted for “any” for clarity.

Editorial Notes

Amendments

1997—Subsec. (b). Pub. L. 105–134 inserted at end “The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.”

§24303 Officers