| Description |
On December 10, 2015, the House of Representatives unanimously passed a bipartisan bill to reauthorize and reform the Surface Transportation Board (STB) to improve the efficiency, effectiveness, and accountability of the STB in regulating the U.S. freight rail industry. The bill does not follow some previous attempts at re-regulating the rail industry, but rather provides sensible reforms that: reduce litigation costs for small businesses, such as grain shippers; give more certainty to railroads and shippers in the decision-making timeline and process; and provide more efficient options for service dispute resolutions. |
