Amtrak Privatization Bill

[MasterJedi]

Amtrak Privatization Bill


1. All rail subsidies are abolished effective FY 2007.
2. The Amtrak rail system is to be privatized through an auction.
3. The Secretary of the Treasury is authorized to make necessary rules and regulations relating to the process of privatization.
4. The privatization of the Amtrak system shall be completed before the year 2007.
5. The person or corporation who purchases the Amtrak system will be authorized to terminate unprofitable routes at their discretion.
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Sponsor: Sen. MasterJedi

[MasterJedi]

I hereby open up the vote on this amendment. Please vote Aye, Nay or Abstain.

Partial Amtrak Privatization and Phased Withdrawal of Rail Subsidies Bill

1. All rail subsidies are reduced by 25% each FY commencing FY 2007, and by 25% each FY thereafter, until such time as subsidies are eliminated in FY 2011.
2. The Amtrak rail system is to be partially privatized [i.e. 50%] through an auction.
3. The Secretary of the Treasury is authorized to make necessary rules and regulations relating to the process of partial privatization.
4. The partial privatization of the Amtrak system shall be completed before the year 2007.
5. The joint-owners (i.e. the federal government and private shareholders) of the Amtrak rail system shall undertake a review of all routes as to determine their profitability and, if necessary, terminate, excessively, non-profitable routes with effect from FY 2007.
6. The federal government shall retain 51% of Amtrak voting rights.

[MasterJedi]

Nay

[MasterJedi]

This amendment has failed.

[MasterJedi]

I hereby open up the vote on this amendment. Please vote Aye, Nay or Abstain.

1. The Amtrak rail system is to be privatized through an auction.
2. The Secretary of the Treasury is authorized to make necessary rules and regulations relating to the process of privatization.
3. The privatization of the Amtrak system shall be completed before the year 2007.
4. The person or corporation who purchases the Amtrak system will be authorized to terminate unprofitable routes at their discretion.

[MasterJedi]

Aye

[MasterJedi]

Nay.  I don't support any privatization of Amtrak for the reasons I stated in my above post.

Might I urge you to change your vote? This makes it so if it does pass at least not all rail subsidies aren't all gone. I think you'd like that, as well as Earl.

[MasterJedi]

So everyone who voted Nay fails getting rid of all rail subsidies? Anyways WMS will decide the final outcome.

[MasterJedi]

This amendment has passed.

[MasterJedi]

I hereby open up the final vote on this bill. Please vote Aye, Nay or Abstain.

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[MasterJedi]

Aye

[MasterJedi]

This bill has enough votes to fail. Senators now have 24 hours to change their votes.

[MasterJedi]

With 2 Ayes, 7 Nays and 0 Abstentions this bill has failed.