House follows Senate’s lead, passes STB Reauthorization Act

Railroad service issues and rates remain front and center, as has been the case in previous incarnations of this legislation. The bill is focused on addressing inefficiencies within the STB, which serves as the federal regulatory body responsible for economic oversight of the U.S. rail system, with regulatory jurisdiction over railroad rate reasonableness, mergers, line acquisitions, new rail-line construction, line abandonment, and other issues.