Freight Rail Infrastructure Capacity Expansion Act
From Compendium of Legislation
The Freight Rail Infrastructure Capacity Expansion Act is currently in the Senate Finance Committee.
- The Freight Rail Infrastructure Capacity Expansion Act (S. 1125 and H.R. 2116, or FRICEA) would give a 25 percent tax credit to businesses that invest in new freight rail infrastructure that expands rail capacity. This would give railroads, shippers, and others incentives to lay 'track where no track has gone before.' The bill would also put railroads on equal footing with trucking companies and barges by allowing railroads to "expense" their infrastructure spending.
[edit] Supporting organizations
-- AAPA (American Assn of Port -- Maersk Line
Authorities) -- National Association of
-- Alliance to Save Energy Railroad Passengers
-- American Council for an -- National Mining Assn (NMA)
Energy-Efficient Economy -- National Retail Federation
-- Arch Coal -- Owens Corning
-- ASLRRA-American Shortline -- Plum Creek
and Regional Railroad Assn. -- Port of Oakland
-- Associated Industries of -- Port of Portland
Florida -- Port of Seattle
-- BTI -- Port of Tacoma
-- Chevron Phillips Chemical -- Port of Vancouver
-- Essroc -- Portland Cement Association
-- Evergreen -- Railroad-Shipper
-- Foundation Coal Corporation Transportation Advisory Council
-- Headwaters, Inc. (RSTAC)
-- IANA - Intermodal Association -- Railway Supply Institute
of North America -- Robbins Reload Inc.
-- IARW-Intl Assn of Refrigerated -- SC State Ports Authority
Warehouses -- TXU Corporation
-- Iowa DOT & Dept Eco.Dev -- U.S. Chamber of Commerce
-- IRTA-Intl Refrigerated -- Waterfront Coalition
