tality, cruise line, and passenger air transpor-
tation businesses, or representatives of employ-
ees or users of passenger rail transportation or 
a State government. 
‘‘(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 represen-
tation of the major geographic regions of the United 
States served by Amtrak. 
‘‘(3) An individual appointed under paragraph 
(1)(C) of this subsection serves for 5 years or until 
the individual’s successor is appointed and qualified. 
Not more than 5 individuals appointed under para-
graph (1)(C) may be members of the same political 
party. 
‘‘(4) The Board shall elect a chairman and a 
vice chairman 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. 
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‘‘(b) PAY AND EXPENSES.—Each director not em-
ployed by the United States Government is entitled to 
$300 a day when performing Board duties. Each Director 
is entitled to reimbursement for necessary travel, reason-
able secretarial and professional staff support, and sub-
sistence expenses incurred in attending Board meetings. 
‘‘(c) VACANCIES.—A vacancy on the Board is filled 
in the same way as the original selection, except that an 
individual 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-
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. 
‘‘(d) QUORUM.—A majority of the members serving 
shall constitute a quorum for doing business. 
‘‘(e) 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’ PROVI-
SION.—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 serving on the date 
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of enactment of this Act may continue to serve for the 
remainder 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; 
(2) shall implement a modern financial account-
ing and reporting system not later than 1 year 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 Congress a comprehensive 
report that allocates all of Amtrak’s revenues 
and costs to each of its routes, each of its lines 
of business, and each major activity within each 
route and line of business activity, including— 
(i) train operations; 
(ii) equipment maintenance; 
(iii) food service; 
(iv) sleeping cars; 
(v) ticketing; and 
(vi) reservations; 
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(B) include the report described in sub-
paragraph (A) in Amtrak’s annual report; and 
(C) post such report on Amtrak’s website. 
(b) VERIFICATION OF SYSTEM; REPORT.—The In-
spector General of the Department of Transportation shall 
review the accounting system designed and implemented 
under subsection (a) to ensure that it accomplishes the 
purposes for which it is intended. The Inspector General 
shall report his findings and conclusions, together with 
any recommendations, to the House of Representatives 
Committee on Transportation and Infrastructure and the 
Senate Committee on Commerce, Science, and Transpor-
tation. 
(c) CATEGORIZATION
OF
REVENUES
AND
EX-
PENSES.— 
(1) IN GENERAL.—In carrying out subsection 
(a), the Amtrak Board of Directors shall separately 
categorize routes, assigned revenues, and attrib-
utable expenses by type of service, including long 
distance routes, State-sponsored routes, commuter 
contract routes, and Northeast Corridor routes. 
(2) NORTHEAST CORRIDOR.—Amtrak revenues 
generated by freight and commuter railroads oper-
ating on the Northeast Corridor shall be separately 
listed to include the charges per car mile assessed by 
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Amtrak to other freight and commuter railroad enti-
ties. 
(3) FIXED OVERHEAD EXPENSES.—Fixed over-
head expenses that are not directly assigned or at-
tributed to any route (or group of routes) shall be 
listed separately by line item and expense category. 
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 finan-
cial plan for the fiscal year to which that budget and busi-
ness plan relate and the subsequent 4 years, prepared in 
accordance with this section, to the Secretary of Transpor-
tation and the Inspector General of the Department of 
Transportation no later than— 
(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 
enactment of an appropriation 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; 
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