Amtrak has not become the profit-making corporation that was originally planned on in 1970. Instead, it has become dependent on Federal funds and subject to greater Federal control while legally remaining a private corporation. As of fiscal year 1980, the Federal Government had given Amtrak over $3 billion for its capital acquisition and improvement programs.
Matter for Congressional Consideration
|Congress should further amend section 601(b) of the Rail Passenger Service Act of 1970 so that any future appropriations for Amtrak's capital program can only be available after Amtrak and the Secretary of Transportation have entered agreements creating a Federal claim and securing, in favor of the United States, all assets acquired in the past and the future using Federal capital funding.|