In the Regional Rail Reorganization Act of 1973, also known as the "3R Act," Congress provided interim funding to bankrupt railroads and authorized creation of the Consolidated Rail Corporation (Conrail), another government corporation.[2]
The 3R Act authorized the USRA to take over the powers of the Interstate Commerce Commission (ICC) with respect to allowing the bankrupt railroads to abandon unprofitable lines. The USRA was incorporated February 1, 1974, and Edward G. Jordan, an insurance executive from California, was named president on March 18 by President Richard Nixon. Arthur D. Lewis of Eastern Air Lines was appointed chairman April 30, and the rest of the board was named May 30 and sworn in July 11.
Under the 3R Act, the USRA was to create a "Final System Plan" to decide which lines should be included in the new Consolidated Rail Corporation. Unlike most railroad consolidations, only the designated lines were to be taken over; the others were to remain with the old companies along with non-rail related properties. The plan was formulated by the Association of American Railroads (AAR), an industry trade group. USRA announced a preliminary plan on February 26, 1975, and the ICC then conducted public hearings on the draft plan.[5] USRA published the Final System Plan on July 26, 1975.[6] The plan called for Conrail to consist of the complete Penn Central network (a conglomerate of three massive former northeastern systems — the Pennsylvania Railroad, New York Central Railroad and New York, New Haven & Hartford Railroad) as well as the following six railroads:
USRA published a supplementary report in 1986 which provides a complete overview of the disposition of the affected rail lines and related properties.[9]
Dissolution
Congress abolished the USRA effective January 1, 1987.[10]
^Keeffe, Arthur John (July 1974). "Current Legal Literature: Hear That Whistle Down the Line?". ABA Journal. American Bar Association. 60: 860.
^Regional Rail Reorganization Act of 1973, Pub.L. 93-236, 87 Stat. 985, 45 U.S.C. § 741. Approved 1974-01-02. Note: The approved bill was also called the "Northeast Region Rail Services Act." Section 1 of Pub.L. 93–236 provided that the law may be cited as "Regional Rail Reorganization Act of 1973." See 45 U.S.C. 701 note.
^Young, Rowland L. (January 1976). "Supreme Court Report: Court Upholds Rail Act". ABA Journal. 62: 115.
^U.S. Railway Association (USRA), Washington, DC (1975-02-26). "Fact Sheet: The Preliminary System Plan for Restructuring the Railroads of the Northeast and Midwest."
^USRA (1975-07-26). Final System Plan for Restructuring Railroads in the Northeast and Midwest Region pursuant to the Regional Rail Reorganization Act of 1973. ("FSP"): Vol. 1. Vol. 2
^USRA. FSP, Vol. I, Appendix to Part II, Section D: "Designations to ConRail for Acquisition by Transportation Authorities."
^Railroad Revitalization and Regulatory Reform Act, Pub. L. 94-210, 90 Stat. 31, 45 U.S.C. § 801. Approved 1976-02-05.
^USRA (1986-12). "The Conveyance Process: A Supplement to the Final Report of the United States Railway Association."
^Omnibus Budget Reconciliation Act of 1986, Pub.L. 99-509, title IV, Sec. 4031, 100 Stat. 1906. Approved 1986-10-21. 45 U.S.C. § 1341.
April 16, 2023
united, states, railway, association, agency, operating, nationalized, railroad, system, during, 1917, 1920, united, states, railroad, administration, usra, government, owned, corporation, created, united, states, federal, that, oversaw, creation, conrail, rai. For the agency operating a nationalized railroad system during 1917 1920 see United States Railroad Administration The United States Railway Association USRA was a government owned corporation created by United States federal law that oversaw the creation of Conrail a railroad corporation that would acquire and operate bankrupt and other failing freight railroads 1 USRA operated from 1974 to 1986 Contents 1 Legislation and establishment of USRA 2 Mandate to create plan for Conrail 3 Dissolution 4 See also 5 ReferencesLegislation and establishment of USRA EditIn the Regional Rail Reorganization Act of 1973 also known as the 3R Act Congress provided interim funding to bankrupt railroads and authorized creation of the Consolidated Rail Corporation Conrail another government corporation 2 The 3R Act authorized the USRA to take over the powers of the Interstate Commerce Commission ICC with respect to allowing the bankrupt railroads to abandon unprofitable lines The USRA was incorporated February 1 1974 and Edward G Jordan an insurance executive from California was named president on March 18 by President Richard Nixon Arthur D Lewis of Eastern Air Lines was appointed chairman April 30 and the rest of the board was named May 30 and sworn in July 11 The U S Supreme Court affirmed the constitutionality of the 3R Act in deciding the Regional Rail Reorganization Act Cases on December 16 1974 3 4 Mandate to create plan for Conrail EditUnder the 3R Act the USRA was to create a Final System Plan to decide which lines should be included in the new Consolidated Rail Corporation Unlike most railroad consolidations only the designated lines were to be taken over the others were to remain with the old companies along with non rail related properties The plan was formulated by the Association of American Railroads AAR an industry trade group USRA announced a preliminary plan on February 26 1975 and the ICC then conducted public hearings on the draft plan 5 USRA published the Final System Plan on July 26 1975 6 The plan called for Conrail to consist of the complete Penn Central network a conglomerate of three massive former northeastern systems the Pennsylvania Railroad New York Central Railroad and New York New Haven amp Hartford Railroad as well as the following six railroads Ann Arbor Railroad bankrupt 1973 Erie Lackawanna Railway 1972 Lehigh Valley Railroad 1970 Reading Company 1971 Central Railroad of New Jersey 1967 and Lehigh amp Hudson River Railway 1972 Controlled railroads and jointly owned railroads such as Pennsylvania Reading Seashore Lines were also included See List of railroads transferred to Conrail The final plan also identified certain commuter rail lines not designated for freight service that could be purchased by state transportation agencies from Conrail following the initial transfer 7 Congress approved the final plan on November 9 1975 President Gerald Ford signed the Railroad Revitalization and Regulatory Reform Act of 1976 the 4R Act on February 6 of that year which included this Final System Plan into law 8 USRA published a supplementary report in 1986 which provides a complete overview of the disposition of the affected rail lines and related properties 9 Dissolution EditCongress abolished the USRA effective January 1 1987 10 See also EditHistory of rail transport in the United States United Rail Passenger AllianceReferences Edit Keeffe Arthur John July 1974 Current Legal Literature Hear That Whistle Down the Line ABA Journal American Bar Association 60 860 Regional Rail Reorganization Act of 1973 Pub L 93 236 87 Stat 985 45 U S C 741 Approved 1974 01 02 Note The approved bill was also called the Northeast Region Rail Services Act Section 1 of Pub L 93 236 provided that the law may be cited as Regional Rail Reorganization Act of 1973 See 45 U S C 701 note U S Supreme Court Regional Rail Reorganization Act Cases 419 U S 102 1974 Young Rowland L January 1976 Supreme Court Report Court Upholds Rail Act ABA Journal 62 115 U S Railway Association USRA Washington DC 1975 02 26 Fact Sheet The Preliminary System Plan for Restructuring the Railroads of the Northeast and Midwest USRA 1975 07 26 Final System Plan for Restructuring Railroads in the Northeast and Midwest Region pursuant to the Regional Rail Reorganization Act of 1973 FSP Vol 1 Vol 2 USRA FSP Vol I Appendix to Part II Section D Designations to ConRail for Acquisition by Transportation Authorities Railroad Revitalization and Regulatory Reform Act Pub L 94 210 90 Stat 31 45 U S C 801 Approved 1976 02 05 USRA 1986 12 The Conveyance Process A Supplement to the Final Report of the United States Railway Association Omnibus Budget Reconciliation Act of 1986 Pub L 99 509 title IV Sec 4031 100 Stat 1906 Approved 1986 10 21 45 U S C 1341 Retrieved from https en wikipedia org w index php title United States Railway Association amp oldid 1149806097, wikipedia, wiki, book, books, library,
