delete PART 1151—FEEDER RAILROAD DEVELOPMENT PROGRAM
This regulation governs forced sale of rail lines by the Surface Transportation Board under 49 U.S.C. 10907, allowing the Board to require sale of rail lines to financially responsible parties when public convenience and necessity require it, or when lines are in specific categories of system diagrams, with detailed procedures for applications, competing bids, and determination of acquisition costs.
This regulation represents federal overreach into railroad operations that should be handled through private contracts and state/local authority. The forced sale mechanism distorts market signals, imposes compliance costs on small railroads, and creates regulatory uncertainty that discourages investment in rail infrastructure. Rail line ownership and service decisions are better determined by market forces and private negotiations rather than federal bureaucratic intervention.