,,ii  #aae? ,,congress  #a/ ,session    
,s4 #abcc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #be1 #bjag,ms4    
,baldw9 7= h]self & ,mr4 ,frank57       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,comm]ce1 ,sci5ce1 & ,transportation  ,a
 ,,bill  ,to improve ! effici5cy &      
reliability ( rail transportation by    
re=m+ ! ,surface ,transportation ,bo>d1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,rail ,%ipp]       
,fairness ,act ( #bjag4  #b4 ,improv+   
rail s]vice  7a7 ,common c>ri]          
obligations ,section #aaaja7;a7 ( title 
#di1 ,unit$ ,/ates ,code1 is am5d$ by   
ins]t+ 1 z necess>y = ! effici5t &      
reliable transportation bas$ on !       
%ipp]'s reasonable s]vice requirem5ts1  
aft] ! transportation or s]vice4  7b7   
,em]g5cy s]vice ord]s ,section          
#aaabc7;b7 ( su* title is am5d$ by add+ 
at ! end ! foll[+3  7#d7 ,! ,bo>d may   
issue em]g5cy s]vice ord]s t include    
%ipm5ts mov+ "u contract if su* %ipm5ts 

are "p ( a regional s]vice ord] issu$ 9 
accordance ) ?is section4  4  7c7       
,reports ,section #aaade7;a7 ( su* title
 is am5d$-- 7#a7 9 p>agraph 7#a71 by    
/rik+ & at ! end2  7#b7 by r$esignat+   
p>agraph 7#b7 z p>agraph 7#c72 &  7#c7  
by ins]t+ aft] p>agraph 7#a7 ! foll[+3  
7#b7 reports1 s]vice plans1 or o!r      
docum5ts t cov] %ipm5ts mov+ "u contract
 if su* %ipm5ts are "p ( a g5]al report1
 s]vice plan1 or o!r docum5t t g5]ally  
cov]s ! geographic area or commodity2 & 
4  7d7 ,equitable relief2 damages       
,section #aagjd ( su* title is am5d$--  
7#a7 9 subsection 7a71 by ins]t+ or     
subject$ to inadequate or defici5t      
s]vice aft] injur$2  7#b7 by am5d+      
subsection 7b7 to read z foll[s3  7b7 ,a
 rail c>ri] provid+ transportation      
subject to ! jurisdiction ( ! ,bo>d "u  
?is "p is liable--  7#a7 = damages      
su/a9$ by a p]son z a result ( an act or
 omission ( t c>ri] 9 violation ( ?is   
"p2  7#b7 to a p]son = am\nts *>g$ to t 
p]son t exce$ ! applicable rate = !     

transportation2 &  7#c7 to a p]son =    
damages or equitable relief z a result (
 inadequate or defici5t s]vice 9        
violation ( ?is "p4  2 &  7#c7 9        
subsection 7c71 by add+ at ! end !      
foll[+3  7#c7 ,! ,bo>d may ord] a rail  
c>ri] to pay damages or to provide      
equitable relief1 z appropriate1 to a   
p]son subject$ to inadequate or defici5t
 s]vice z a result ( a violation ( ?is  
"p by t c>ri]4  4  7e7 ,civil p5alties  
,section #aaija ( su* title is am5d$--  
7#a7 9 subsection 7a71 by /rik+ #e1jjj &
 ins]t+ #be1jjj2  7#b7 9 subsection 7c71
 by /rik+ #e1jjj & ins]t+ #be1jjj2 &    
7#c7 9 subsection 7e71 by /rik+ #ajj ea*
 place su* t]m appe>s & ins]t+ #a1jjj4  
#c4 ,improv+ rail competition  7a7 ,rail
 transportation policy ,section #ajaja (
 title #di1 ,unit$ ,/ates ,code1 is     
am5d$-- 7#a7 by r$esignat+ p>agraphs    
7#ad7 & 7#ae7 z p>agraphs 7#ae7 & 7#af71
 respectively2 &  7#b7 by ins]t+ aft]   
p>agraph 7#ac7 ! foll[+3  7#ad7 to      
provide = & promote ! protection ( !    

%ipp+ public2  4  7b7 ,rates ,section   
#ajgje ( su* title is am5d$ by add+ at !
 end ! foll[+3  7d7 ,%ipp]s may obta9   
rates to or f any int]*ange po9ts ( two 
or m rail c>ri]s4  4  7c7 ,m>ket        
dom9ance ,section #ajgjg ( su* title is 
am5d$-- 7#a7 9 subsection 7a7--  7,a7 by
 /rik+ ,9 ?is section1 m>ket dom9ance   
means & ins]t+ ! foll[+3  7a7 ,9 ?is    
section3  7#a7 effective competition    
only includes modes ( transportation )  
exi/+ & support+ infra/ructure2 &  7#b7 
m>ket dom9ance means  2 &  7#b7 9       
subsection 7b7-- 7,a7 by ins]t+ ,a rail 
c>ri] c\ld h m>ket dom9ance ev5 9       
circum/ances 9 :i* a %ipp] is s]v$ by   
two c>ri]s4 aft] ! rate applies42 &     
7,b7 by /rik+ rate or transportation &  
ins]t+ rate = transportation4  7d7      
,t]m9al facilities ,section #aaajb7;c7 (
 su* title is am5d$ to read z foll[s3   
7c7 7#a7 ,except z provid$ 9 p>agraph   
7#b71 ! ,bo>d %all require a ,class ,i  
rail c>ri] to ent] into a competitive   
swit*+ agreem5t if a %ipp] or receiv]1  

or a gr\p ( %ipp]s or receiv]s1 files a 
petition ) ! ,bo>d t demon/rates1 to !  
satisfaction ( ! ,bo>d1 t--  7,a7 !     
facilities ( ! %ipp] or receiv] = :om   
su* swit*+ is s\ght are s]v$ by rail    
only by a s+le1 ,class ,i rail c>ri]2 & 
7,b7 subject to p>agraph 7#c71 !re is1  
or c be a work+ int]*ange betwe5-- 7i7 !
 ,class ,i rail c>ri] s]v+ ! %ipp] or   
receiv] = :om su* swit*+ is s\ght2 &    
7ii7 ano!r rail c>ri] )9 a reasonable   
di/ance ( ! facilities ( su* %ipp] or   
receiv]4  7#b7 ,competitive swit*+ may n
 be impos$ "u ?is subsection if--  7,a7 
ei!r rail c>ri] betwe5 :i* su* swit*+ is
 to be e/abli%$ demon/rates t ! propos$ 
swit*+ is n feasible or is unsafe2 or   
7,b7 ! pres5ce ( reciprocal swit*+ w    
unduly re/rict ! ability ( a rail c>ri] 
to s]ve its own %ipp]s4  7#c7 ,!        
requirem5t set =? 9 p>agraph 7#a77;,b7  
is satisfi$ if ea* facility ( ! %ipp] or
 receiv] = :i* competitive swit*+ is    
s\ght is--  7,a7 )9 ! b\nd>ies ( a      
t]m9al ( ! ,class ,i rail c>ri]2 or     

7,b7 )9 a #ajj-mile radius ( an         
int]*ange betwe5 ! ,class ,i rail c>ri] 
& ano!r c>ri] at :i* rail c>s are       
regul>ly swit*$4  4  #d4 ,improv+       
reasonable rate /&>ds  7a7 ,b5*m>k-,bas$
 rate reasonabl5ess /&>d ,section       
#ajgja7;d7 ( title #di1 ,unit$ ,/ates   
,code1 is am5d$ by add+ at ! end !      
foll[+3  7#d7 7,a7 ,n lat] ?an #ij days 
aft] ! date ( ! enactm5t ( ?is p>agraph1
 ! ,bo>d %all initiate a rulemak+       
proce$+ to develop a me?odology =       
det]m9+ ! reasonabl5ess ( *all5g$ rail  
rates bas$ on competitive rate b5*m>k+ t
 pr$icts a competitive rate level bas$  
^u econometric models4  7,b7 ,r ?an     
utiliz+ its exi/+ ,?ree-,b5*m>k         
,me?odology1 ! ,bo>d %all develop a     
me?odology t consid]s competitive m>kets
 or a proxy ( su* m>kets4  7,c7 ,9      
det]m9+ ! reasonabl5ess ( a *all5g$ rate
 "u ! new b5*m>k+ me?odology develop$ "u
 ?is p>agraph1 ! ,bo>d %all presume t a 
rate above ! b5*m>k rate level is       
unreasonable unless ! rail c>ri] proves 

t ! m>g9 above ! competitive rate b5*m>k
 is necess>y to all[ ! rail c>ri] to e>n
 adequate rev5ues4  7,d7 ,relief "u !   
new b5*m>k+ me?od %all h no monet>y     
limit1 b any rate prescription set by ! 
,bo>d %all rema9 9 effect n less ?an #e 
ye>s4  7,e7 ,! ,bo>d's rulemak+ "u ?is  
p>agraph %all set a /&>d proc$ural      
s*$ule = su* cases1 subject to necess>y 
adju/m5ts 9 p>ticul> adjudications1 :i* 
may n exce$ #cfe days4  4  7b7          
,/&-,alone co/ cases ,section #ajgjb (  
su* title is am5d$-- 7#a7 by ins]t+ 7a7 
be=e ,a rail c>ri]2 &  7#b7 by add+ at !
 end ! foll[+3  7b7 7#a7 ,! ,bo>d %all  
prohibit a rail c>ri] provid+           
transportation subject to ! jurisdiction
 ( ! ,bo>d "u ?is "p to *ange ! *all5g$ 
rate = provid+ su* transportation to    
rail cu/om]s :ile a maximum reasonable  
rate case br\ght by su* rail cu/om]s is 
p5d+ be=e ! ,bo>d4  7#b7 ,a rail cu/om] 
may file a maximum reasonable rate case 
) ! ,bo>d aft] ! date t is #b ye>s be=e 
! date on :i* a common c>ri] %ipm5t rate

 is anticipat$ to beg94  7#c7 ,! ,bo>d  
may n use cross-subsidy te/s 9 decid+   
/&-alone co/ cases4  7#d7 ,! ,bo>d %all 
use a m>ket-bas$ rev5ue divisions       
me?odology 9 decid+ /&-alone co/ cases4 
7#e7 ,9 a /&-alone co/ case1 if ! ,bo>d 
det]m9es t ! rail c>ri] is rev5ue       
adequate1 ! rail c>ri] %all h ! burd5 ( 
pro( to demon/rate t ! railroad c>ri] is
 *>g+ a reasonable rate4  4  7c7 ,con=m+
 am5dm5t ,section #ajgjd ( su* title is 
am5d$-- 7#a7 by /rik+ subsection 7c72 & 
7#b7 by r$esignat+ subsection 7d7 z     
subsection 7c74  7d7 ,m>ket dom9ance    
,section #ajgjg ( su* title1 z am5d$ by 
section #c7;c71 is fur!r am5d$--  7#a7 9
 subsection 7d77#a77;,b71 by add+ at !  
end ! foll[+ ,a %ipp] may introduce     
movem5t-specific ,uni=m ,rail ,co/+     
,sy/em co/ calculations42 &  7#b7 by    
add+ at ! end ! foll[+3  7e7 ,9 mak+ a  
det]m9ation "u ?is section1 ! ,bo>d may 
n utilize a qualitative analysis 9 :i* !
 ,bo>d attempts to id5tify any feasible 
transportation alt]natives t c\ld be us$

 by ! %ipp]4  4  #e4 ,protections f     
unreasonable practices ,section #ajgja (
 title #di1 ,unit$ ,/ates ,code1 is     
am5d$ by add+ at ! end ! foll[+3  7e7   
7#a7 ,a rail c>ri] provid+              
transportation subject to ! jurisdiction
 ( ! ,bo>d "u ?is "p may n use an index 
:5 e/abli%+ fuel sur*>ges4  7#b7 ,any   
fuel sur*>ges impos$ by ! rail c>ri]    
%all be directly acc\nt$ = by *anges to 
! c>ri]'s actual fuel prices4 ,! c>ri]'s
 fuel sur*>ge may n be great] ?an !     
am\nt necess>y to recov] ! c>ri]'s      
increm5tal fuel co/ increases4  7#c7 ,! 
,bo>d is au?oriz$ to require any rail   
c>ri] to report actual fuel prices z    
necess>y to c>ry out ! purposes ( ?is   
subsection4  7#d7 ,a %ipp] may *all5ge a
 fuel sur*>ge z an unreasonable practice
 "u section #ajgjb7b7 if su* *>ges1 z   
appli$ to t %ipp]1 exce$ ! c>ri]'s      
increm5tal fuel co/s4  4  #f4 ,rev5ue   
adequacy  7a7 ,elim9ation ( rev5ue      
adequacy te/ ,section #ajgjd7;a7 ( title
 #di1 ,unit$ ,/ates ,code1 is am5d$ by  

/rik+ p>agraph 7#c74  7b7 ,railroad co/ 
( capital ,section #ajgjd7;a7 ( su*     
title1 z am5d$ by subsection 7a71 is    
fur!r am5d$ by add+ at ! end ! foll[+3  
7#c7 ,9 calculat+ a rail c>ri]'s co/ (  
capital1 ! ,bo>d %all multiply ! value (
 ! capital by ! sum (--  7,a7 ! curr5t  
annual yield on a #aj-ye> ,unit$ ,/ates 
,treasury ,bond2 &  7,b7 a prospective  
m>ket risk premium1 :i* %all n exce$ #e 
p]c5t p] ye>4  4