Public Law 96-448

E781774

Public Law 96-448 is the formal designation of the Staggers Rail Act of 1980, a landmark U.S. federal law that substantially deregulated the railroad industry to improve its financial stability and efficiency.

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Label Occurrences
Public Law 96-448 canonical 1

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Statements (49)

Predicate Object
instanceOf United States federal statute
transportation law
aimedAt improving efficiency of railroads
improving financial stability of railroads
allowed railroads to set most freight rates without prior ICC approval
appliesTo United States railroad industry
branchOfGovernment legislative branch of the United States
citationForm Pub. L. 96-448 NERFINISHED
classifiedAs landmark railroad deregulation statute
country United States of America
surface form: United States
enactedBy 96th United States Congress NERFINISHED
encouraged confidential contracts between railroads and shippers
facilitated abandonment of unprofitable rail lines
field economic regulation
transportation policy
focusesOn line abandonment procedures
rate regulation
service obligations of rail carriers
governs relationships between rail carriers and shippers
hasOfficialName Staggers Rail Act of 1980 NERFINISHED
historicalContext post-1970s railroad financial crisis in the United States
impact consolidation and rationalization of rail networks
greater pricing flexibility for rail carriers
growth of contract carriage in rail freight
increased financial viability of U.S. freight railroads
jurisdiction United States government
surface form: United States federal government
language English
legalForm public law
limited Interstate Commerce Commission authority over rail rates
modified standards for rail line abandonment
namedAfter Harley O. Staggers NERFINISHED
objective promote competition in rail services
reduce regulatory burdens on rail carriers
restore financial health of U.S. railroads
permitted railroads to enter into contract rates with shippers
policyType economic deregulation
primarySubject rail transportation
railroad deregulation
reduced rate regulation for railroads in competitive markets
reformed federal regulation of railroads
regulates rail carriers engaged in interstate commerce
relatedTo Interstate Commerce Act NERFINISHED
Railroad Revitalization and Regulatory Reform Act of 1976 NERFINISHED
retained federal oversight for non-competitive rail markets
sector freight rail
interstate rail transportation
shortName Staggers Rail Act NERFINISHED
signedBy Jimmy Carter
sponsor Harley O. Staggers NERFINISHED

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Staggers Rail Act publicLawNumber Public Law 96-448