17 Jan 2025
🚆FRA Withdraws Accident Investigation Regulation Affecting Railroads
Accident/Incident Investigation Policy for Gathering Information and Consulting With Stakeholders
Summary
FRA is withdrawing the direct final rule titled "Federal Railroad Administration Accident/Incident Investigation Policy for Gathering Information and Consulting with Stakeholders," (the Rule) which was published on October 1, 2024.
Agencies
- Transportation Department
- Federal Railroad Administration
Business Impact
$$ - Med
The withdrawal of the FRA’s final rule regarding accident investigations directly impacts railroad companies by alleviating compliance burdens. The inability to establish formal procedures for stakeholder consultations and information gathering reduces operational costs. The text outlines potential cost savings of approximately $1.0 million over ten years by withdrawing the rule, which is significant for businesses in the railroad sector.