On the recordJuly 31, 1997
Thank you. I had hoped we would be able to accomplish the necessary Amtrak reforms within the context of this tax bill. I believe that Members of the Senate from both parties were prepared to do that. Given that Amtrak has warned us it could reach bankruptcy by the spring of 1998, the reforms embodied in S. 738, which include labor reforms and limits on liability, are simply critical. I am committed to moving S. 738 as soon as possible after the August recess. The Chairman of the House Transportation and Infrastructure Committee shares my commitment to provide honest legislative reforms in order to release the tax credits to Amtrak. I hope the majority leader will work with me to assure timely floor action.
Source
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