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117879 1 (1982-03-26)

handle is hein.gao/gaobacsuh0001 and id is 1 raw text is: 




            UNITED STATES GENERAL ACCOUNTING OFFICE

                    WASHINGTON, D.C.  20548

                                         FOR RELEASE ON DELIVERY
                                         EXPECTED AT 9:30 A.M.
                                         FRIDAY, MARCH 26, 1982


                         STATEMENT OF

             OLIVER W. KRUEGER, ASSOCIATE DIRECTOR

          COMMUNITY AND ECONOMIC DEVELOPMENT DIVISION

                          BEFORE THE

                  COMMITTEE ON THE JUDICIARY

                     UNITED STATES SENATE

                              ON

   THE  INTERSTATE COMMERCE COMMISSION'S JURISDICTION OVER

         RAILROAD  HOLDING COMPANIES AND EVALUATION OF

                     PROPOSED RAIL MERGERS

MR. CHAIRMAN AND MEMBERS  OF THE COMMITTEE:

     WE APPRECIATE  THE OPPORTUNITY TO BE HERE TODAY AT YOUR

REQUEST TO DISCUSS THE  INTERSTATE COMMERCE COMMISSION'S (ICC'S)

(1) JURISDICTION OVER  AND MONITORING OF RAILROAD COMPANIES,

INCLUDING THE ACQUISITION  OF THE BURLINGTON NORTHERN RAILROAD

BY A HOLDING COMPANY,  (2) ABILITY TO REVIEW MERGER APPLICATIONS

DESPITE STAFF REDUCTIONS, AND  (3) PREPARATION AND USE OF POST-

MERGER STUDIES TO ASSESS  PROPOSED MERGER APPLICATIONS.

ICC HAS LIMITED JURISDICTION  OVER ACQUISITION
OF CARRIERS BY HOLDING COMPANIES

     UNDER THE INTERSTATE COMMERCE  ACT, ICC DOES NOT HAVE JURIS-

DICTION OVER THE ACQUISITION OF A  SINGLE RAIL CARRIER BY A




                                                        Il11 11111879 I
                                                           117879

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