S. 2916: Long-Distance Corridor Relief Act

This bill, known as the Long-Distance Corridor Relief Act, proposes a change to how the Secretary of Transportation evaluates funding for long-distance intercity passenger rail routes. Under current regulations, the Secretary must consider financial contributions from non-Federal sources when selecting corridors for these rail routes. This bill aims to remove that requirement specifically for long-distance routes.

Key Provisions

• Modification of Funding Consideration: The bill seeks to amend Section 25101(c) of Title 49 of the United States Code. It will revise the process so that when selecting long-distance intercity passenger rail corridors, the Secretary of Transportation will not take into account any committed or anticipated financial support from non-Federal entities.
• Long-Distance Routes: The focus of this exception is strictly on corridors designated as long-distance routes, which typically cover greater distances connecting various cities across states.
• Operating and Capital Costs: The bill specifies that both operating costs and capital costs will not require consideration of non-Federal funding when evaluating such rail corridors.

Impact on Rail Corridor Selection

The aim of this legislation is likely to simplify the selection process for long-distance rail corridors by reducing the emphasis on securing non-Federal funding, which may currently serve as a barrier for certain projects. By easing these requirements, the legislation may encourage more projects to be proposed and potentially realized, enhancing connectivity and service in regions underserved by passenger rail programs.

Relevant Companies

• UNP - Union Pacific Corporation: As a major freight rail company, changes in intercity passenger rail funding might influence the overall rail network and operations, given the dual nature of rail systems that often share infrastructure.
• CSX - CSX Corporation: This is another significant freight railway company that could see operational and logistical changes as a result of increased long-distance passenger rail initiatives.
• AAR - Association of American Railroads: While not a single company, the AAR represents various freight and passenger railroads and may be involved in adapting to new policies around passenger rail funding.