Friday, May 16, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB1412: Railroad corporations; prohibits foreign control without approval of State Corporation Commission.
Chief Patron
Del.
Terry Kilgore (R-1)
Terry Kilgore
(R-1)
Gate City, VA
Served: 1994–
Progress
 |
Introduced |
 |
Passed Committee |
 |
Passed House |
|
Passed Senate |
|
Signed by Governor |
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Became Law |
Status
02/12/2008: Failed to Pass in Committee
Summary
Railroad corporations; foreign control. Prohibits a foreign person or group of persons from acquiring or attempting to acquire control of any railroad that is a public service corporation, or of any person controlling a railroad that is a public service corporation, without the approval of the State Corporation Commission. The Commission shall approve the application if it determines that, after the change in control, the railroad can reasonably be expected to discharge its public service responsibilities and that the change of control would not be inconsistent with the public interest served by the railroad.
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Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/12/2008.
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