,,ii  #aac? ,,congress  #a/ ,session    
,s4 #fch  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #ba1 #bjac ,ms4   
,klobu*> 7= h]self1 ,mr4 ,vitt]1 ,mr4   
,frank51 ,mr4 ,leahy1 ,ms4 ,baldw91 &   
,mr4 ,te/]7 introduc$ ! foll[+ bill2 :i*
 0 read twice & ref]r$ to ! ,committee  
on ! ,judici>y  ,a ,,bill  ,to am5d !   
,f$]al antitru/ laws to provide exp&$   
cov]age & to elim9ate exemptions f su*  
laws t are contr>y to ! public int]e/ ) 
respect to railroads4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,railroad     
,antitru/ ,en=cem5t ,act ( #bjac4  #b4  
,injunctions aga9/ railroad common      
c>ri]s ,! proviso 9 section #af ( !     
,clayton ,act 7#ae ,u4,s4,c4 #bf7 end+ )
 ,code4 is am5d$ to read z foll[s3      
,provid$1 ,t no?+ h]e9 conta9$ %all be  
con/ru$ to entitle any p]son1 firm1     
corporation1 or association1 except !   
,unit$ ,/ates1 to br+ suit = injunctive 
relief aga9/ any common c>ri] t is n a  
railroad subject to ! jurisdiction ( !  
,surface ,transportation ,bo>d "u       

subtitle ,,iv ( title #di1 ,unit$ ,/ates
 ,code44  #c4 ,m]g]s & acquisitions (   
railroads ,! six? undesignat$ p>agraph (
 section #g ( ! ,clayton ,act 7#ae      
,u4,s4,c4 #ah7 is am5d$ to read z       
foll[s3  ,no?+ conta9$ 9 ?is section    
%all apply to transactions duly         
consummat$ pursuant to au?ority giv5 by 
! ,secret>y ( ,transportation1 ,f$]al   
,p[] ,commission1 ,surface              
,transportation ,bo>d 7except =         
transactions describ$ 9 section #aacba (
 t title71 ! ,securities & ,ex*ange     
,commission 9 ! ex]cise ( its           
jurisdiction "u section #aj 7( ! ,public
 ,utility ,hold+ ,company ,act ( #aice71
 ! ,unit$ ,/ates ,m>itime ,commission1  
or ! ,secret>y ( ,agriculture "u any    
/atutory provision ve/+ su* p[] 9 !     
,commission1 ,bo>d1 or ,secret>y4  4    
#d4 ,limitation ( prim>y jurisdiction ,!
 ,clayton ,act is am5d$ by add+ at ! end
 !re( ! foll[+3  #bi4 ,9 any civil      
action aga9/ a common c>ri] railroad "u 
section #d1 #d;,c1 #ae1 or #af ( ?is    

,act1 ! di/rict c\rt %all n be requir$  
to def] to ! prim>y jurisdiction ( !    
,surface ,transportation ,bo>d4  4  #e4 
,f$]al trade commission en=cem5t  7a7   
,clayton ,act ,section #aa7;a7 ( !      
,clayton ,act 7#ae ,u4,s4,c4 #ba7;a77 is
 am5d$ by /rik+ subject to jurisdiction 
& all t foll[s ?r\gh ! fir/ semicolon & 
ins]t+ subject to jurisdiction "u       
subtitle ,,iv ( title #di1 ,unit$ ,/ates
 ,code 7except = agreem5ts describ$ 9   
section #ajgjf ( t title & transactions 
describ$ 9 section #aacba ( t title724  
7b7 ,,ftc ,act ,section #e7;a77#b7 ( !  
,f$]al ,trade ,commission ,act 7#ae     
,u4,s4,c4 #de7;a77#b77 is am5d$ by /rik+
 common c>ri]s subject & ins]t+ common  
c>ri]s1 except = railroads1 subject4    
#f4 ,expansion ( treble damages to rail 
common c>ri]s ,section #d ( ! ,clayton  
,act 7#ae ,u4,s4,c4 #ae7 is am5d$ by--  
7#a7 r$esignat+ subsections 7b7 & 7c7 z 
subsections 7c7 & 7d71 respectively2 &  
7#b7 ins]t+ aft] subsection 7a7 !       
foll[+3  7b7 ,subsection 7a7 %all apply 

to a common c>ri] by railroad subject to
 ! jurisdiction ( ! ,surface            
,transportation ,bo>d "u subtitle ,,iv (
 title #di1 ,unit$ ,/ates ,code1 )\t    
reg>d to :e!r su* railroads h fil$ rates
 or :e!r a compla9t *all5g+ a rate has  
be5 fil$4  4  #g4 ,t]m9ation (          
exemptions 9 title #di  7a7 ,9 g5]al    
,section #ajgjf ( title #di1 ,unit$     
,/ates ,code1 is am5d$--  7#a7 9        
subsection 7a7--  7,a7 9 p>agraph       
7#b77;,a71 by /rik+ 1 & ! ,%]man ,act   
7#ae ,u4,s4,c4 #a et seq471 & all t     
foll[s ?r\gh or c>ry+ out ! agreem5t 9 !
 ?ird s5t5ce2  7,b7 9 p>agraph 7#d7--   
7i7 by /rik+ ! second s5t5ce2 &  7ii7 by
 /rik+ ,h[ev]1 ! 9 ! ?ird s5t5ce &      
ins]t+ ,!2 &  7,c7 9 p>agraph 7#e77;,a71
 by /rik+ 1 & ! antitru/ laws set =? 9  
p>agraph 7#b7 ( ?is subsection d n apply
 to p>ties & o!r p]sons ) respect to    
mak+ or c>ry+ out ! agreem5t2 &  7#b7 by
 /rik+ subsection 7e7 & ins]t+ ! foll[+3
  7e7 ,application ( antitru/ laws  7#a7
 ,9 g5]al ,no?+ 9 ?is section exempts a 

propos$ agreem5t describ$ 9 subsection  
7a7 f ! application ( ! ,%]man ,act 7#ae
 ,u4,s4,c4 #a et seq471 ! ,clayton ,act 
7#ae ,u4,s4,c4 #ab1 #ad et seq471 !     
,f$]al ,trade ,commission ,act 7#ae     
,u4,s4,c4 #da et seq471 section #gc or  
#gd ( ! ,wilson ,t>iff ,act 7#ae        
,u4,s4,c4 #h & #i71 or ! ,act ( ,june   
#ai1 #aicf 7#ae ,u4,s4,c4 #ac1 #ac;a1   
#ac;b1 #ba;a74  7#b7 ,antitru/ analysis 
to consid] impact ,9 review+ any su*    
propos$ agreem5t = ! purpose ( any      
provision ( law describ$ 9 p>agraph     
7#a71 ! ,bo>d %all take into acc\nt1    
among any o!r consid]ations1 ! impact ( 
! propos$ agreem5t on %ipp]s1 on        
consum]s1 & on affect$ communities4  4  
7b7 ,comb9ations ,section #aacba ( title
 #di1 ,unit$ ,/ates ,code1 is am5d$--   
7#a7 9 subsection 7a7--  7,a7 by /rik+  
,! au?ority 9 ! fir/ s5t5ce & ins]t+    
,except z provid$ 9 sections #d 7#ae    
,u4,s4,c4 #ae71 #d;,c 7#ae ,u4,s4,c4    
#ae;c71 section #ae 7#ae ,u4,s4,c4 #be71
 & section #af 7#ae ,u4,s4,c4 #bf7 ( !  

,clayton ,act 7#ae ,u4,s4,c4 #ba7;a771 !
 au?ority2 &  7,b7 by /rik+ is exempt f 
! antitru/ laws & f all o!r law1 9 !    
?ird s5t5ce & ins]t+ is exempt f all o!r
 law 7except ! antitru/ laws ref]r$ to 9
 subsection 7c7712 &  7#b7 by add+ at ! 
end ! foll[+3  7c7 ,application (       
antitru/ laws  7#a7 ,9 g5]al ,no?+ 9 ?is
 section exempts a transaction describ$ 
9 subsection 7a7 f ! application ( !    
,%]man ,act 7#ae ,u4,s4,c4 #a et seq471 
! ,clayton ,act 7#ae ,u4,s4,c4 #ab1 #ad 
et seq471 ! ,f$]al ,trade ,commission   
,act 7#ae ,u4,s4,c4 #da et seq471       
section #gc or #gd ( ! ,wilson ,t>iff   
,act 7#ae ,u4,s4,c4 #h-i71 or ! ,act (  
,june #ai1 #aicf 7#ae ,u4,s4,c4 #ac1    
#ac;a1 #ac;b1 #ba;a74 ,! prec$+ s5t5ce  
%all n apply to any transaction relat+  
to ! pool+ ( railroad c>s approv$ by !  
,surface ,transportation ,bo>d or its   
pr$ecessor ag5cy pursuant to section    
#aacbb ( title #di1 ,unit$ ,/ates ,code4
  7#b7 ,antitru/ analysis to consid]    
impact ,9 review+ any su* transaction = 

! purpose ( any provision ( law describ$
 9 p>agraph 7#a71 ! ,bo>d %all take into
 acc\nt1 among any o!r consid]ations1 ! 
impact ( ! transaction on %ipp]s & on   
affect$ communities4  4  7c7 ,con=m+    
am5dm5ts  7#a7 ,! head+ = section #ajgjf
 ( title #di1 ,unit$ ,/ates ,code1 is   
am5d$ to read z foll[s3 ,rate agreem5ts4
  7#b7 ,! item relat+ to su* section 9 !
 *apt] analysis at ! beg9n+ ( *apt] #ajg
 ( su* title is am5d$ to read z foll[s3 
#ajgjf4 ,rate agreem5ts4  4  #h4        
,effective date  7a7 ,9 g5]al ,subject  
to ! provisions ( subsection 7b71 ?is   
,act %all take effect on ! date (       
enactm5t ( ?is ,act4  7b7 ,conditions   
7#a7 ,previ\s conduct ,a civil action "u
 section #d1 #ae1 or #af ( ! ,clayton   
,act 7#ae ,u4,s4,c4 #ae1 #be1 #bf7 or   
compla9t "u section #e ( ! ,f$]al ,trade
 ,commission ,act 7#ae ,u4,s4,c4 #de7   
may n be fil$ ) respect to any conduct  
or activity t occurr$ prior to ! date ( 
enactm5t ( ?is ,act t 0 previ\sly       
exempt$ f ! antitru/ laws z def9$ 9     

section #a ( ! ,clayton ,act 7#ae       
,u4,s4,c4 #ab7 by ord]s ( ! ,int]/ate   
,comm]ce ,commission or ! ,surface      
,transportation ,bo>d issu$ pursuant to 
law4  7#b7 ,grace p]iod ,a civil action 
or compla9t describ$ 9 p>agraph 7#a7 may
 n be fil$ e>li] ?an #ahj days aft] !   
date ( enactm5t ( ?is ,act ) respect to 
any previ\sly exempt$ conduct or        
activity or previ\sly exempt$ agreem5t t
 is cont9u$ subsequ5t to ! date (       
enactm5t ( ?is ,act4