154 
‘‘§ 24702. Transportation requested by States, authori-
ties, and other persons 
‘‘(a) CONTRACTS
FOR
TRANSPORTATION.—Amtrak 
may enter into a contract with a State, a regional or local 
authority, or another person for Amtrak to operate an 
intercity rail service or route not included in the national 
rail passenger transportation system upon such terms as 
the parties thereto may agree. 
‘‘(b) DISCONTINUANCE.—Upon termination of a con-
tract entered into under this section, or the cessation of fi-
nancial support under such a contract by either party, Am-
trak may discontinue such service or route, notwithstanding 
any other provision of law.’’. 
(2) CONFORMING
AMENDMENT.—The chapter 
analysis for chapter 247 is amended by inserting 
after the item relating to section 24701 the following: 
‘‘24702. Transportation requested by States, authorities, and other persons’’. 
(c) AMTRAK TO CONTINUE TO PROVIDE NON-HIGH- 
SPEED SERVICES.—Nothing in this division is intended to 
preclude Amtrak from restoring, improving, or developing 
non-high-speed intercity passenger rail service. 
(d) APPLICABILITY
OF
SECTION
24706.—Section 
24706 is amended by adding at the end the following: 
‘‘(c) APPLICABILITY.—This section applies to all serv-
ice over routes provided by Amtrak, notwithstanding any
155 
provision of section 24701 of this title or any other provi-
sion of this title except section 24702(b).’’. 
(e) AMTRAK’S MISSION.— 
(1) AMENDMENTS.—Section 24101 is amended— 
(A) by striking ‘‘purpose’’ in the section 
heading and inserting ‘‘mission’’; 
(B) by striking subsection (b) and inserting 
the following: 
‘‘(b) MISSION.—The mission of Amtrak is to provide 
efficient and effective intercity passenger rail mobility con-
sisting of high quality service that is trip-time competitive 
with other intercity travel options and that is consistent 
with the goals of subsection (d).’’; 
(C) 
by 
redesignating 
paragraphs 
(9) 
through (11) in subsection (c) as paragraphs 
(10) through (12), respectively, and inserting 
after paragraph (8) the following: 
‘‘(9) provide additional or complementary inter-
city transportation service to ensure mobility in times 
of national disaster or other instances where other 
travel options are not adequately available;’’; and 
(D) in subsection (d), by striking ‘‘sub-
section 
(c)(11)’’ 
and 
inserting 
‘‘subsection 
(c)(12)’’.
156 
(2) CONFORMING AMENDMENT.—The chapter analysis 
for chapter 241 is amended by striking the item relating 
to section 24101 and inserting the following: 
‘‘24101. Findings, mission, and goals.’’. 
SEC. 202. AMTRAK BOARD OF DIRECTORS. 
(a) IN GENERAL.—Section 24302 is amended to read 
as follows: 
‘‘§ 24302. Board of directors 
‘‘(a) COMPOSITION AND TERMS.— 
‘‘(1) The Amtrak Board of Directors (referred to 
in this section as the ‘Board’) is composed of the fol-
lowing 9 directors, each of whom must be a citizen of 
the United States: 
‘‘(A) The Secretary of Transportation. 
‘‘(B) The President of Amtrak. 
‘‘(C) 7 individuals appointed by the Presi-
dent of the United States, by and with the advice 
and consent of the Senate, with general business 
and financial experience, experience or qualifica-
tions in transportation, freight and passenger 
rail transportation, travel, hospitality, cruise 
line, or passenger air transportation businesses, 
or representatives of employees or users of pas-
senger rail transportation or a State govern-
ment.
157 
‘‘(2) In selecting individuals described in para-
graph (1) for nominations for appointments to the 
Board, the President shall consult with the Speaker of 
the House of Representatives, the minority leader of 
the House of Representatives, the majority leader of 
the Senate, and the minority leader of the Senate and 
try to provide adequate and balanced representation 
of the major geographic regions of the United States 
served by Amtrak. 
‘‘(3) An individual appointed under paragraph 
(1)(C) of this subsection shall be appointed for a term 
of 5 years. Such term may be extended until the indi-
vidual’s successor is appointed and qualified. Not 
more than 5 individuals appointed under paragraph 
(1)(C) may be members of the same political party. 
‘‘(4) The Board shall elect a chairman and a 
vice chairman, other than the President of Amtrak, 
from among its membership. The vice chairman shall 
serve as chairman in the absence of the chairman. 
‘‘(5) The Secretary may be represented at Board 
meetings by the Secretary’s designee. 
‘‘(b) PAY
AND EXPENSES.—Each director not em-
ployed by the United States Government or Amtrak is enti-
tled to reasonable pay when performing Board duties. Each 
director not employed by the United States Government is
158 
entitled to reimbursement from Amtrak for necessary travel, 
reasonable secretarial and professional staff support, and 
subsistence expenses incurred in attending Board meetings. 
‘‘(c) TRAVEL.—(1) Each director not employed by the 
United States Government shall be subject to the same trav-
el and reimbursable business travel expense policies and 
guidelines that apply to Amtrak’s executive management 
when performing Board duties. 
‘‘(2) Not later than 60 days after the end of each fiscal 
year, the Board shall submit a report describing all travel 
and reimbursable business travel expenses paid to each di-
rector when performing Board duties to the Committee on 
Transportation and Infrastructure of the House of Rep-
resentatives and the Committee on Commerce, Science, and 
Transportation of the Senate. 
‘‘(3) The report submitted under paragraph (2) shall 
include a detailed justification for any travel or reimburs-
able business travel expense that deviates from Amtrak’s 
travel and reimbursable business travel expense policies and 
guidelines. 
‘‘(d) VACANCIES.—A vacancy on the Board is filled in 
the same way as the original selection, except that an indi-
vidual appointed by the President of the United States 
under subsection (a)(1)(C) of this section to fill a vacancy 
occurring before the end of the term for which the prede-
159 
cessor of that individual was appointed is appointed for 
the remainder of that term. A vacancy required to be filled 
by appointment under subsection (a)(1)(C) must be filled 
not later than 120 days after the vacancy occurs. 
‘‘(e) QUORUM.—A majority of the members serving 
shall constitute a quorum for doing business. 
‘‘(f) BYLAWS.—The Board may adopt and amend by-
laws governing the operation of Amtrak. The bylaws shall 
be consistent with this part and the articles of incorpora-
tion.’’. 
(b) EFFECTIVE DATE FOR DIRECTORS’ PROVISION.— 
The amendment made by subsection (a) shall take effect 6 
months after the date of enactment of this Act. The members 
of the Amtrak Board of Directors serving as of the date of 
enactment of this Act may continue to serve for the remain-
der of the term to which they were appointed. 
SEC. 203. ESTABLISHMENT OF IMPROVED FINANCIAL AC-
COUNTING SYSTEM. 
(a) IN GENERAL.—The Amtrak Board of Directors— 
(1) may employ an independent financial con-
sultant with experience in railroad accounting to as-
sist Amtrak in improving Amtrak’s financial ac-
counting and reporting system and practices;
160 
(2) shall implement a modern financial account-
ing and reporting system not later than 3 years after 
the date of enactment of this Act; and 
(3) shall, not later than 90 days after the end of 
each fiscal year through fiscal year 2013— 
(A) submit to the Committee on Transpor-
tation and Infrastructure of the House of Rep-
resentatives and the Committee on Commerce, 
Science, and Transportation of the Senate a 
comprehensive report that allocates all of Am-
trak’s revenues and costs to each of its routes, 
each of its lines of business, and each major ac-
tivity within each route and line of business ac-
tivity, including— 
(i) train operations; 
(ii) equipment maintenance; 
(iii) food service; 
(iv) sleeping cars; 
(v) ticketing; 
(vi) reservations; and 
(vii) unallocated fixed overhead costs; 
(B) include the report described in subpara-
graph (A) in Amtrak’s annual report; and 
(C) post such report on Amtrak’s website.
161 
(b) VERIFICATION OF SYSTEM; REPORT.—The Inspec-
tor General of the Department of Transportation shall re-
view the accounting system designed and implemented 
under subsection (a) to ensure that it accomplishes the pur-
poses for which it is intended. The Inspector General shall 
report his or her findings and conclusions, together with 
any recommendations, to the Committee on Transportation 
and Infrastructure of the House of Representatives and the 
Committee on Commerce, Science, and Transportation of 
the Senate. 
(c) CATEGORIZATION OF REVENUES AND EXPENSES.— 
In carrying out subsection (a), the Amtrak Board of Direc-
tors shall separately categorize assigned revenues and at-
tributable expenses by type of service, including long-dis-
tance routes, State-sponsored routes, commuter contract 
routes, and Northeast Corridor routes. 
SEC. 204. DEVELOPMENT OF 5-YEAR FINANCIAL PLAN. 
(a) DEVELOPMENT OF 5-YEAR FINANCIAL PLAN.—The 
Amtrak Board of Directors shall submit an annual budget 
and business plan for Amtrak, and a 5-year financial plan 
for the fiscal year to which that budget and business plan 
relate and the subsequent 4 years, prepared in accordance 
with this section, to the Secretary and the Inspector General 
of the Department of Transportation no later than—
162 
(1) the first day of each fiscal year beginning 
after the date of enactment of this Act; or 
(2) the date that is 60 days after the date of en-
actment of an appropriations Act for the fiscal year, 
if later. 
(b) CONTENTS OF 5-YEAR FINANCIAL PLAN.—The 5- 
year financial plan for Amtrak shall include, at a min-
imum— 
(1) all projected revenues and expenditures for 
Amtrak, including governmental funding sources; 
(2) projected ridership levels for all Amtrak pas-
senger operations; 
(3) revenue and expenditure forecasts for non- 
passenger operations; 
(4) capital funding requirements and expendi-
tures necessary to maintain passenger service in order 
to accommodate predicted ridership levels and pre-
dicted sources of capital funding; 
(5) operational funding needs, if any, to main-
tain current and projected levels of passenger service, 
including State-supported routes and predicted fund-
ing sources; 
(6) projected capital and operating requirements, 
ridership, and revenue for any new passenger service 
operations or service expansions;
163 
(7) an assessment of the continuing financial 
stability of Amtrak, as indicated by factors such as 
anticipated Federal funding of capital and operating 
costs, Amtrak’s ability to efficiently recruit, retain, 
and manage its workforce, and Amtrak’s ability to ef-
fectively provide passenger rail service; 
(8) estimates of long-term and short-term debt 
and associated principal and interest payments (both 
current and anticipated); 
(9) annual cash flow forecasts; 
(10) a statement describing methods of esti-
mation and significant assumptions; 
(11) specific measures that demonstrate measur-
able improvement year over year in the financial re-
sults of Amtrak’s operations; 
(12) prior fiscal year and projected operating 
ratio, cash operating loss, and cash operating loss per 
passenger on a route, business line, and corporate 
basis; 
(13) prior fiscal year and projected specific costs 
and savings estimates resulting from reform initia-
tives; 
(14) prior fiscal year and projected labor pro-
ductivity statistics on a route, business line, and cor-
porate basis;
164 
(15) prior fiscal year and projected equipment 
reliability statistics; and 
(16) capital and operating expenditures for an-
ticipated security needs. 
(c) STANDARDS
TO
PROMOTE
FINANCIAL
STA-
BILITY.—In meeting the requirements of subsection (b), Am-
trak shall— 
(1) apply sound budgetary practices, including 
reducing costs and other expenditures, improving pro-
ductivity, increasing revenues, or combinations of 
such practices; 
(2) use the categories specified in the financial 
accounting and reporting system developed under sec-
tion 203 when preparing its 5-year financial plan; 
and 
(3) ensure that the plan is consistent with the 
authorizations of appropriations under title I of this 
division. 
(d) REVIEW BY DOT INSPECTOR GENERAL.—Within 
60 days after their submission by Amtrak, the Inspector 
General of the Department of Transportation shall review 
the annual budget and the 5-year financial plans prepared 
by Amtrak under this section to determine whether they 
meet the requirements of subsection (b) and shall furnish 
any relevant findings to the Committee on Transportation
165 
and Infrastructure of the House of Representatives, the 
Committee on Appropriations of the House of Representa-
tives, the Committee on Commerce, Science, and Transpor-
tation of the Senate, and the Committee on Appropriations 
of the Senate. 
SEC. 205. RESTRUCTURING LONG-TERM DEBT AND CAPITAL 
LEASES. 
(a) IN GENERAL.—The Secretary of the Treasury, in 
consultation with the Secretary and Amtrak, may make 
agreements to restructure Amtrak’s indebtedness as of the 
date of enactment of this Act. This authorization expires 
2 years after the date of enactment of this Act. 
(b) DEBT RESTRUCTURING.—The Secretary of the 
Treasury, in consultation with the Secretary and Amtrak, 
shall enter into negotiations with the holders of Amtrak 
debt, including leases, outstanding as of the date of enact-
ment of this Act for the purpose of restructuring (including 
repayment) and repaying that debt. The Secretary of the 
Treasury may secure agreements for restructuring or repay-
ment on such terms as the Secretary of the Treasury deems 
favorable to the interests of the United States Government. 
(c) CRITERIA.—In restructuring Amtrak’s indebted-
ness, the Secretary of the Treasury and Amtrak—
166 
(1) shall take into consideration repayment costs, 
the term of any loan or loans, and market conditions; 
and 
(2) shall ensure that the restructuring results in 
significant savings to Amtrak and the United States 
Government. 
(d) PAYMENT OF RENEGOTIATED DEBT.—If the cri-
teria under subsection (c) are met, the Secretary of the 
Treasury may assume or repay the restructured debt, as 
appropriate. 
(e) AMTRAK PRINCIPAL AND INTEREST PAYMENTS.— 
(1) PRINCIPAL ON DEBT SERVICE.—Unless the 
Secretary of the Treasury makes sufficient payments 
to creditors under subsection (d) so that Amtrak is re-
quired to make no payments to creditors in a fiscal 
year, the Secretary shall use funds authorized by sec-
tion 102 of this division for the use of Amtrak for re-
tirement of principal or payment of interest on loans 
for capital equipment, or capital leases. 
(2) REDUCTIONS IN AUTHORIZATION LEVELS.— 
Whenever action taken by the Secretary of the Treas-
ury under subsection (a) results in reductions in 
amounts of principal or interest that Amtrak must 
service on existing debt, the corresponding amounts