Railroad corporations; prohibits foreign control without approval of State Corporation Commission. (SB719)

Introduced By

Sen. Toddy Puller (D-Mount Vernon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/17/2008Presented and ordered printed 083828304
01/17/2008Referred to Committee on Commerce and Labor
02/04/2008Continued to 2009 in Commerce and Labor

Duplicate Bills

The following bills are identical to this one: HB1412.