(f) ACCESS TO INFORMATION.—Amtrak shall make
available to the Council all information the Council re-
quires to carry out this section. The Council shall establish
appropriate procedures to ensure against the public disclo-
sure of any information obtained under this subsection
which is a trade secret or commercial or financial informa-
tion that is privileged or confidential.
(g) REPORTS.—(1) Within 120 days after the date
of the enactment of this Act, the Council shall transmit
to the Amtrak board of directors and the Congress an in-
terim report on its findings and recommendations.
(2) Within 270 days after the date of the enactment
of this Act, the Council shall transmit to the Amtrak
board of directors and the Congress a final report on its
findings and recommendations.
(h) STATUS.—The Council shall not be subject to the
Federal Advisory Committee Act (5 U.S.C. App.) or sec-
tion 552 of title 5, United States Code (commonly referred
to as the Freedom of Information Act).
SEC. 402. PRINCIPAL PLACE OF BUSINESS.
Section 24301(b) of title 49, United States Code, is
amended—
(1) by striking the first sentence;
(2) by striking ‘‘of the District of Columbia’’
and inserting in lieu thereof ‘‘of the State in which
its principal place of business is located’’; and
(3) by inserting ‘‘For purposes of this sub-
section, the term ‘State’ includes the District of Co-
lumbia. Notwithstanding section 3 of the District of
Columbia Business Corporation Act, Amtrak, if its
principal place of business is located in the District
of Columbia, shall be considered organized under the
provisions of such Act.’’ after ‘‘in a civil action.’’.
SEC. 403. STATUS AND APPLICABLE LAWS.
Section 24301 of title 49, United States Code, is
amended—
(1) in subsection (a)(1), by striking ‘‘rail car-
rier under section 10102’’ and inserting in lieu
thereof ‘‘railroad carrier under section 20102(2) and
chapters 261 and 281’’; and
(2) by amending subsection (c) to read as fol-
lows:
‘‘(c) APPLICATION OF SUBTITLE IV.—Subtitle IV of
this title shall not apply to Amtrak, except for sections
11301, 11322(a), 11502, and 11706. Notwithstanding the
preceding sentence, Amtrak shall continue to be consid-
ered an employer under the Railroad Retirement Act of
1974, the Railroad Unemployment Insurance Act, and the
Railroad Retirement Tax Act.’’.
SEC. 404. WASTE DISPOSAL.
Section 24301(m)(1)(A) of title 49, United States
Code, is amended by striking ‘‘1996’’ and inserting in lieu
thereof ‘‘2001’’.
SEC. 405. ASSISTANCE FOR UPGRADING FACILITIES.
Section 24310 of title 49, United States Code, and
the item relating thereto in the table of sections of chapter
243 of such title, are repealed.
SEC. 406. RAIL SAFETY SYSTEM PROGRAM.
Section 24313 of title 49, United States Code, and
the item relating thereto in the table of sections of chapter
243 of such title, are repealed.
SEC. 407. DEMONSTRATION OF NEW TECHNOLOGY.
Section 24314 of title 49, United States Code, and
the item relating thereto in the table of sections of chapter
243 of such title, are repealed.
SEC. 408. PROGRAM MASTER PLAN FOR BOSTON-NEW YORK
MAIN LINE.
(a) REPEAL.—Section 24903 of title 49, United
States Code, and the item relating thereto in the table of
sections of chapter 249 of such title, are repealed.
(b) 
CONFORMING
AMENDMENT.—Section
24902(a)(1)(A) of title 49, United States Code, is amend-
ed by striking ‘‘and 40 minutes’’.
SEC. 
409. 
BOSTON-NEW 
HAVEN 
ELECTRIFICATION
PROJECT.
Section 24902(f) of title 49, United States Code, is
amended—
(1) by inserting ‘‘(1)’’ before ‘‘Improvements
under’’; and
(2) by adding at the end the following new
paragraph:
‘‘(2) Amtrak shall design and construct the elec-
trification system between Boston, Massachusetts, and
New Haven, Connecticut, to accommodate the installation
of a third mainline track between Davisville and Central
Falls, Rhode Island, to be used for double-stack freight
service to and from the Port of Davisville. Amtrak shall
also make clearance improvements on the existing main
line tracks to permit double stack service on this line, if
funds to defray the costs of clearance improvements be-
yond Amtrak’s own requirements for electrified passenger
service are provided by public or private entities other
than Amtrak. Wherever practicable, Amtrak shall use por-
tal structures and realign existing tracks on undergrade
and overgrade bridges to minimize the width of the right-
of-way required to add the third track. Amtrak shall take
such other steps as may be required to coordinate and fa-
cilitate design and construction work. The Secretary of
Transportation may provide appropriate support to Am-
trak for carrying out this paragraph.’’.
SEC. 410. AMERICANS WITH DISABILITIES ACT OF 1990.
(a) APPLICATION TO AMTRAK.—Amtrak, and with
respect only to the facilities it jointly uses with Amtrak,
a commuter authority, shall not be subject to any require-
ment under section 242(a) (1) and (3) and (e)(2) of the
Americans With Disabilities Act of 1990 (42 U.S.C.
12162(a) (1) and (3) and (e)(2)) until January 1, 1998.
For stations jointly used by Amtrak and a commuter au-
thority, this subsection shall not affect the allocation of
costs between Amtrak and the commuter authority relat-
ing to accessibility improvements.
(b) CONFORMING AMENDMENT.—Section 24307 of
title 49, United States Code, is amended—
(1) by striking subsection (b); and
(2) by redesignating subsection (c) as sub-
section (b).
SEC. 411. DEFINITIONS.
Section 24102 of title 49, United States Code, is
amended—
(1) by striking paragraphs (2), (3), and (11);
(2) by redesignating paragraphs (4) through
(8) as paragraphs (2) through (6), respectively;
(3) by inserting after paragraph (6), as so re-
designated by paragraph (2) of this section, the fol-
lowing new paragraph:
‘‘(7) ‘rail passenger transportation’ means the
interstate, intrastate, or international transportation
of passengers by rail;’’;
(4) in paragraph (6), as so redesignated by
paragraph (2) of this section, by inserting ‘‘, includ-
ing a unit of State or local government,’’ after
‘‘means a person’’; and
(5) by redesignating paragraphs (9) and (10)
as paragraphs (8) and (9), respectively.
SEC. 412. NORTHEAST CORRIDOR COST DISPUTE.
Section 1163 of the Northeast Rail Service Act of
1981 (45 U.S.C. 1111) is repealed.
SEC. 413. INSPECTOR GENERAL ACT OF 1978 AMENDMENT.
(a) AMENDMENT.—Section 8G(a)(2) of the Inspector
General Act of 1978 (5 U.S.C. App.) is amended by strik-
ing ‘‘Amtrak,’’.
(b) AMTRAK NOT FEDERAL ENTITY.—Amtrak shall
not be considered a Federal entity for purposes of the In-
spector General Act of 1978.
SEC. 414. CONSOLIDATED RAIL CORPORATION.
Section 4023 of the Conrail Privatization Act (45
U.S.C. 1323), and the item relating thereto in the table
of contents of such Act, are repealed.
SEC. 415. INTERSTATE RAIL COMPACTS.
(a) CONSENT TO COMPACTS.—Congress grants con-
sent to States with an interest in a specific form, route,
or corridor of intercity passenger rail service (including
high speed rail service) to enter into interstate compacts
to promote the provision of the service, including—
(1) retaining an existing service or commencing
a new service;
(2) assembling rights-of-way; and
(3) performing capital improvements, includ-
ing—
(A) the construction and rehabilitation of
maintenance facilities and intermodal passenger
facilities;
(B) the purchase of locomotives; and
(C) operational improvements, including
communications, signals, and other systems.
(b) FINANCING.—An interstate compact established
by States under subsection (a) may provide that, in order
to carry out the compact, the States may—
(1) accept contributions from a unit of State or
local government or a person;
(2) use any Federal or State funds made avail-
able for intercity passenger rail service (except funds
made available for the National Railroad Passenger
Corporation);
(3) on such terms and conditions as the States
consider advisable—
(A) borrow money on a short-term basis
and issue notes for the borrowing; and
(B) issue bonds; and
(4) obtain financing by other means permitted
under Federal or State law.
SEC. 416. CONFORMING AMENDMENTS.
Part C of subtitle V of title 49, United States Code,
is amended—
(1) in section 24102(2), by striking ‘‘Interstate
Commerce Commission’’ and inserting in lieu thereof
‘‘Surface Transportation Board’’;
(2) in section 24307(b)(3), as so redesignated
by section 410(b)(2) of this Act, by striking ‘‘Inter-
state Commerce Commission’’ and inserting in lieu
thereof ‘‘Surface Transportation Board’’;
(3) in section 24308—
(A) by striking ‘‘Interstate Commerce
Commission’’ in subsection (a)(2)(A) and in-
serting in lieu thereof ‘‘Surface Transportation
Board’’; and
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’;
(4) in section 24311(c)—
(A) by striking ‘‘Interstate Commerce
Commission’’ in paragraph (1) and inserting in
lieu thereof ‘‘Surface Transportation Board’’;
and
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’;
(5) in section 24902(j)—
(A) by striking ‘‘Interstate Commerce
Commission’’ each place it appears and insert-
ing in lieu thereof ‘‘Surface Transportation
Board’’; and
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’;
and
(6) in section 24904(b), as so redesignated by
section 207(a)(2) of this Act—
(A) by striking ‘‘Interstate Commerce
Commission’’ in paragraph (2) and inserting in
lieu thereof ‘‘Surface Transportation Board’’;
and
(B) by striking ‘‘Commission’’ each place it
appears and inserting in lieu thereof ‘‘Board’’.
SEC. 417. MAGNETIC LEVITATION TRACK MATERIALS.
The Secretary of Transportation shall transfer to the
State of Florida, pursuant to a grant or cooperative agree-
ment, title to aluminum reaction rail, power rail base, and
other related materials (originally used in connection with
the Prototype Air Cushion Vehicle Program between 1973
and 1976) located at the Transportation Technology Cen-
ter near Pueblo, Colorado, for use by the State of Florida
to construct a magnetic levitation track in connection with
a project or projects being undertaken by American
Maglev Technology, Inc., to demonstrate magnetic levita-
tion technology in the United States. If the materials are
not used for such construction within 3 years after the
date of the enactment of this Act, title to such materials
shall revert to the United States.
SEC. 418. RAILROAD LOAN GUARANTEES.
(a) DECLARATION OF POLICY.—Section 101(a)(4) of
the Railroad Revitalization and Regulatory Reform Act of
1976 (45 U.S.C. 801(a)(4)) is amended to read as follows:
‘‘(4) Continuation of service on, or preservation
of, light density lines that are necessary to continued
employment and community well-being throughout
the United States.’’.
(b) MAXIMUM RATE OF INTEREST.—Section 511(f)
of the Railroad Revitalization and Regulatory Reform Act
of 1976 (45 U.S.C. 831(f)) is amended by striking ‘‘shall
not exceed an annual percentage rate which the Secretary
determines to be reasonable, taking into consideration the
prevailing interest rates for similar obligations in the pri-
vate market.’’ and inserting in lieu thereof ‘‘shall not ex-
ceed the annual percentage rate which is equivalent to the
cost of money to the United States.’’.
(c) MINIMUM REPAYMENT PERIOD
AND PREPAY-
MENT PENALTIES.—Section 511(g)(2) of the Railroad Re-
vitalization and Regulatory Reform Act of 1976 (45
U.S.C. 831(g)(2)) is amended to read as follows:
‘‘(2) payment of the obligation is required by its
terms to be made not less than 15 years not more
than 25 years from the date of its execution, with
no penalty imposed for prepayment after 5 years;’’.
(d) DETERMINATION
OF REPAYABILITY.—Section
511(g)(5) of the Railroad Revitalization and Regulatory
Reform Act of 1976 (45 U.S.C. 831(g)(5)) is amended
to read as follows:
‘‘(5) either the loan can reasonably be repaid by
the applicant or the loan is collateralized at no more
than the current value of assets being financed
under this section to provide protection to the Unit-
ed States;’’.
TITLE V—AUTHORIZATION OF
APPROPRIATIONS
SEC. 501. AUTHORIZATION OF APPROPRIATIONS.
(a) CAPITAL EXPENDITURES.—Section 24104(a) of
title 49, United States Code, is amended to read as fol-
lows:
‘‘(a) CAPITAL EXPENDITURES.—There are author-
ized to be appropriated to the Secretary of Transpor-
tation—
‘‘(1) $230,000,000 for fiscal year 1995;
‘‘(2) $230,000,000 for fiscal year 1996;
‘‘(3) $224,000,000 for fiscal year 1997;
‘‘(4) $501,000,000 for fiscal year 1998;
‘‘(5) $516,000,000 for fiscal year 1999; and
‘‘(6) $531,000,000 for fiscal year 2000,
for the benefit of Amtrak for capital expenditures under
chapters 243 and 247 of this title.’’.
(b) OPERATING EXPENSES.—Section 24104(b) of
title 49, United States Code, is amended to read as fol-
lows:
‘‘(b) OPERATING EXPENSES.—There are authorized
to be appropriated to the Secretary of Transportation—
‘‘(1) $542,000,000 for fiscal year 1995;
‘‘(2) $405,000,000 for fiscal year 1996;
‘‘(3) $365,000,000 for fiscal year 1997;
‘‘(4) $387,000,000 for fiscal year 1998;
‘‘(5) $292,000,000 for fiscal year 1999; and
‘‘(6) $242,000,000 for fiscal year 2000,
for the benefit of Amtrak for operating expenses.’’.
(c) 
ADDITIONAL
AUTHORIZATIONS.—Section
24104(c) of title 49, United States Code, is amended to
read as follows:
‘‘(c) ADDITIONAL AUTHORIZATIONS.—In addition to
amounts appropriated under subsection (a), there are au-
thorized to be appropriated to the Secretary of Transpor-
tation—
‘‘(1) $200,000,000 for fiscal year 1995;
‘‘(2) $115,000,000 for fiscal year 1996;
‘‘(3) $255,000,000 for fiscal year 1997;
‘‘(4) $250,000,000 for fiscal year 1998;
‘‘(5) $250,000,000 for fiscal year 1999; and
‘‘(6) $250,000,000 for fiscal year 2000.
for the benefit of Amtrak to make capital expenditures
under chapter 249 of this title.’’.
(d) REDUCTION OF AMOUNTS.—Section 24104 of
title 49, United States Code, is further amended by adding
at the end the following new subsection:
‘‘(g) REDUCTION
OF AMOUNTS.—For each fiscal
year, the total amount authorized to be appropriated
under subsections (a) and (c) combined shall be reduced
by any amount made available to Amtrak from an inter-
city passenger transportation trust fund for that fiscal
year.’’.
(e) CONFORMING AMENDMENTS.—Section 24909 of
title 49, United States Code, and the item relating thereto
in the table of sections of chapter 249 of such title, are
repealed.
(f) GUARANTEE OF OBLIGATIONS.—There are au-
thorized to be appropriated to the Secretary of Transpor-
tation—
(1) $50,000,000 for fiscal year 1998;
(2) $50,000,000 for fiscal year 1999; and
(3) $50,000,000 for fiscal year 2000,
for guaranteeing obligations of Amtrak under section 511
of the Railroad Revitalization and Regulatory Reform Act
of 1976 (45 U.S.C. 831).
(g) CONDITIONS
FOR
GUARANTEE
OF
OBLIGA-
TIONS.—Section 511(i) of the Railroad Revitalization and
Regulatory Reform Act of 1976 (45 U.S.C. 831(i)) is
amended by adding at the end the following new para-
graph:
‘‘(4) The Secretary shall not require, as a condition
for guarantee of an obligation under this section, that all
preexisting secured obligations of an obligor be subordi-
nated to the rights of the Secretary in the event of a de-
fault.’’.
Æ