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<br />E 301 <br />E 350 <br />~i,7.AY1'OH ACl' AMENDMENTS OF <br />1987 <br />IiON. MII~ SYNAR <br />Oy OdLtHOYA <br />S SIa2 HOpsa O7 aL-aLaLrrAi1Va8 <br />74uday. Febrva.ry ~, 1987 <br />-' Mr. SYNAR. Mr. Spyker, todeY 1 ern Intro- <br />idutirq. along wttn 21 Ot my cdbapues, a <br />aarpb and ahaphdonrv0 measure Ulal rF <br />~IIpvM yy axemptiom from iM antftruat tllwa <br />irrt the rtihoed irduatry now anpya ' <br />TM Caybn Act amartdrtynb enartpes Ifs <br />~rtRnrst laws b two ways. Feat, M repot Ina <br />Keogh doctnns--Keogh wrws plir~go 8 <br />Railway Co.-aa N applief b <br />'Iroada Ths doctrine was eraateiated by die <br />ems Cool b t B22 b prevem pdvve par- <br />Irorrl tewvereq tlerrtagaa under tlts artli• <br />Must laws against N equstry ragldatsd by lty <br />ICC. Try peat neaayd Nat N • MroW was <br />rging nlp dyt lad Desn approved by the <br />.ICC. • privet party should rot bs ebb b re- <br />ar award to denaget alder 9y utti- <br />tnnt bra because iMt rata was too Itph. <br />SetoM, slit bill repeals UIe prohibition <br />~~ageinst inpnetiw relict eanwned n seetKln <br />`1B of ifM Claylw Act hxotsf u M applies b <br />. Tfia provision wss enacted lOr much <br />time rosson u Vy Kaoph doctrhy-Pry <br />to parties should not bs aDb b obtin m <br />'unction ageuyt a railroad IOr • me that was <br />by Vy ICC. <br />February 3, 1987 CONGRESSIONAL RECORD - F~tnrsiurn of Rrrherki <br />These two exemptwna era atcdnpalibls <br />tsidl the deragulauOn 01 icy nikoad irNrgtry <br />Vat oceunad u a caner of Ste Staggers Ad <br />M 1990. Try lntersate Commerce Commis- <br />alorl, while maimainng kmite0 regulatory au• <br />Fhoriry, n0 toper rase arty ehectivs power ro <br />prohibit enticompstiDw railroad behavior a to <br />oanpd comwtrort in ckuansancas where <br />ro wmpeutbn peMnBy exets. Ths srtpact of <br />deregulation, theralae, has been b ties the <br />reihoads of vvtwly ell constrotnt roar could <br />prevent them hen merging excessive rates <br />lOr ehipprq on rnonop0ly rW liras. <br />The Cbyton Act Amendment would sWject <br />reilroeds b the same anWusl ew pnntaples <br />that gwam NI oNer Amencan bwinsssee. <br />Radroeds would rapt De aDb b we dteir <br />market power either b Niminite COmwuWn <br />a b keep Out contwDLOn ttat would odyr• <br />wigs enter tfy market Increased oompatnion <br />woub result m lower ealwmsr costs <br />This bgialatbn svoultl rqt shag the prerwy <br />Mrrediction of ins Intarette Commeru Com <br />mission. TM ICC would still hew s01e 1tU91o1• <br />M b interpei dy proviabro of ma Interstte <br />Canmeree Aq erCllldirq delsrmirinp Ste rea- <br />eonadeness of railroad rates. On dte other <br />hand. Ule ICC never has lad the auttwmy <br />either to order extensive trackage rights a <br />pant damage awards t0 remedy antiwrrgeti- <br />eve railroad wntlduet The Dill would not wrt• <br />Isct w+N ify Imerstete Commerce Act and <br />would, b Isct, hasher VIe posts d ila Sa¢ <br />pare Act by promoting oOnWebhon n die n <br />rlustry. <br />some haw suggested gat int. Iegislatbn <br />thouW be opposed because a would Y <br />rutioads b ify duel rsqueuon of yIe ICC and <br />iM Federal courts. The argumem tits b rec• <br />ognae Ines veWaly ell other reptAeted eltlus• <br />ties tie t:oversd Dy tra antitrust ten. Fa ex- <br />ample, AT6T a rspuleted by tM Federal <br />Comrtnaicatbra Coffvrission. but stig mull <br />w^tWY with Icy Clayton ACL And even though <br />dtB coons have juisdiction war airy antitrust <br />violation DY tebPMne wmpanies, n don't <br />lettl ins worts nterlenng tviN lortq-tYSWCe <br />ores approved by tl+e FCC. <br />One W Use most enportM entitnrst ease n <br />the pest 20 years, ONer Teil Ppver etvONed <br />saecme uDliues, another regulated erdustry. <br />The ease tld not inltMare wiM die pmadiction <br />dl either sly Wiawrlein Ptlbkc UDlity Commia• <br />stn a dy Federal Energy Reguttary Cart <br />:,wivbrt (FERC~. <br />' The worts new a brgstndirq pdity of <br />deterring b expert agencies when wtetapping <br />issues arise. Tly txlurt don't ram b pat into <br />the retemakirtg buyraaa. There a rq reason <br />t0 behave toot thB coats would treat ^ fYl- <br />road ddleremly men airy Other busiryes pal tb <br />cued la tnDhust viobibra. <br />This bgislation tae received broad MrDport <br />hom • venety of industrbs moat eeriolrsy d- <br />iscted DY railroad morgpdy pet:tices. These <br />YMude ma American Public Ptwer Assotia- <br />Don, National Assocalbn a Rural Electric Co- <br />operewes, SunkrsL the Fertilizer Insulate, <br />Wectern Fuels AasorJauon, W.R. Grace 6 Co., <br />and a variety of other wmpsnbs and agent <br />yauons. <br />The Dill also a wpponad by Conwmer Fed- <br />eratbn a Amsnu, spotlit interest tKgtrlQa- <br />eon whien rspreaent Nre interest oe conwrn- <br />ws rdq must pay hgher uDliry acct wrtsterar <br />ells 86 • resuN of high shippirq rates <br />Toe Reagan Wmiristrtuon has not yet <br />taken • posttan on Wa bill. hlosraver, bsl <br />yew the lust~ce Dewrtmer+t fYeO a hrral <br />before the Supreme Court Nat Wuvey aG <br />drease0 the Roblema 01 91B Keogh doctrine <br />~ • deregulatory erwkonment <br />Numerous post-Heogh develoDmen4 b <br />antitrust and other areas of LLs', and b the <br />rcaulatory ens-Ironment, render that IDY2 <br />derlslon N anomaly b iD9s. The Issue of <br />Heosh's rwntlnued Wtallty a Important. for <br />ifs Drohlbltlon of Drivate damage atUOns b <br />rases of UW sort substanUWy undertnmea <br />rnnareaslonal eflor4 W Nlaeltute eompetl• <br />Uon far rcgulaUOp .. . <br />Heogh [hW WWatra • Iar>te and Impor• <br />cant segttwnt o[ the natbnal economy from <br />the Wuury effect of the antftrust lava. <br />Apcordinily. U Beoah pontinuea to Dar <br />private dtmaae tattoos whenever • tarUt <br />hu Ixen submlltcd to-Dut not eptelfiully <br />reJected by-the ICC, the perverse raWt of <br />mntrcslonal attemD4 to encourage compe- <br />Ution vIU be Nat nrrten are Tree Irom <br />Dolh rcNlatory scrutiny apd Ne potent In• <br />centlve damage aetioru Drovlde to obey Ne <br />commands o! Ne apUtnat lava. <br />As tly Wniristration WaM argued, de- <br />reguteoon wars only d anDCartpetrwe preo- <br />irCM Can W deeK wiM d,rougn anlacemeM <br />of sly antitrust Ian. N the ICC cannot a <br />does not as b protap slippers end eonwm- <br />ere hom rnonopdiatic pettices, dyn tttppera <br />moat haw the aDiliy b wmbat wcn preebces <br />n sty courts. <br />Representatives tiara the raikoad etdrslry <br />haw wmpiainetl about bgielaDve adempt b <br />sirlpb out Utee adustry for spatial. 6saewa- <br />eory trwuryrri With rats Dill, wa ve enamor-. <br />etp psceay dy dppoarle. Tfy railroad Ytdus• <br />try has enpysd an enmunry hom the anDtnnt <br />laws Val pKa b 1DB0, ttyy rnaY a mat' not <br />new deaerwd. But n en era of derepWetbn <br />tlis unQue etaDrs a9on rvlrwds b set mo- <br />rfopoketic rates at will with n0 cheat OI wrttr <br />Don DY Ifie wIX14 <br />