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.

All labels observed (1)

Label Occurrences
Public Law 96-448 canonical 1

How this entity was disambiguated

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 ⓘ
classifiedAs landmark railroad deregulation statute ⓘ
country United States ⓘ
enactedBy 96th United States Congress ⓘ
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 ⓘ
linked to: Staggers Rail Act
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 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 ⓘ
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 ⓘ
Railroad Revitalization and Regulatory Reform Act of 1976 ⓘ
retained federal oversight for non-competitive rail markets ⓘ
sector freight rail ⓘ
interstate rail transportation ⓘ
shortName Staggers Rail Act ⓘ
signedBy Jimmy Carter ⓘ
sponsor Harley O. Staggers ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Staggers Rail Act → publicLawNumber → Public Law 96-448 ⓘ