Title: How does government regulation impact the railroads sector?
Headings: How does government regulation impact the railroads sector?
How does government regulation impact the railroads sector?
Government Regulation That Impacted Railroads
Blue Sky Laws
Government Support of Railroads
Article Sources

Content: 8 ﻿
Government Support of Railroads
Amtrak has received subsidies ranging from hundreds of millions to billions of dollars since the early 1970s under the Rail Passenger Service Act. 9 ﻿ In the 1960s, after the introduction of the FRA, it became evident that passenger railway service was unprofitable. However, the utility it provided as a public service was deemed imperative to the well-being of the country by both Congress and President Nixon. 10 ﻿
The American Recovery and Reinvestment Act of 2009 allocated $8 billion toward the development of a network of high-speed rail lines connecting major American cities. President Obama was a strong advocate of the initiative and signed it into law. 11 ﻿
Because the consequences of railway mishaps are substantial, the FRA has a significant budget devoted to safety and operations, approximately $222 million in FY 2019. 12 ﻿ Railway accidents can be caused by both malfunctioning equipment and human error. The FRA is charged with investigating accidents and implementing measures to ensure steps are taken to prevent avoidable accidents from reoccurring and negatively impacting the railroad sector. 13 ﻿
(For related reading, see " A Primer on the Railroad Sector .") Article Sources
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