House bill cuts Amtrak funding 40 percent

The House is proposing a 40 percent funding cut for Amtrak in a new passenger rail bill that was unveiled on Thursday by the chamber’s Transportation Committee.

Amtrak has received about $1 billion per year from the federal government since its inception in 1971. But Republican leaders on the panel said the long-overdue rail funding measure would force the company to streamline its operations and survive mostly on the money that is generated by ticket sales.

The bill is unlikely to be approved by lawmakers before this year’s elections.

The bill also has some odd provisions, including one about boarding procedures, and another about “reinvesting profits from the NEC.”

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