OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Passenger Rail Investment and Improvement Act of 2008

Date: June 11, 2008
Location: Washington, DC
Issues: Transportation


PASSENGER RAIL INVESTMENT AND IMPROVEMENT ACT OF 2008 -- (House of Representatives - June 11, 2008)

BREAK IN TRANSCRIPT

Mrs. SCHMIDT. Mr. Chairman, I rise to engage in a colloquy with Ranking Member Shuster.

Ranking Member Shuster, I deeply appreciate the opportunity to discuss a very important matter to the future of Amtrak. As you are aware, Amtrak was formed by private shareholders who gave Amtrak their assets in exchange for ownership of the railroad. You were also aware that even though the Congress has previously insisted that these shares be redeemed, Amtrak has failed to act.

I would deeply appreciate it if you would work to address this issue in conference. These shareholders have been held hostage for decades. Our government has hijacked their investment, and they deserve restitution. This is not a new issue but still a major impediment to the future of Amtrak.

I thank you and subcommittee Chairwoman Brown for your work on these issues. I ask that you work to fix this continuing problem before it becomes even more complicated to solve.

BREAK IN TRANSCRIPT


Source
arrow_upward