RSI Statement on the Passage of the CARES Act
Washington, DC, March 27, 2020 – Mike O’Malley, President of the Railway Supply Institute (RSI), released the following statement today regarding the House passage of the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act:
“This legislation provides much needed support to our public transit systems and Amtrak and, by extension, the hundreds of railway suppliers around the country that support them. As ridership declines dramatically and small businesses try to manage their operational costs during this pandemic, we must continue to support one another as an industry. RSI is grateful for Congress’ swift action to address this crisis and we look forward to working with lawmakers in the coming weeks to develop additional proposals that support and strengthen the industry while ensuring our passenger and freight railroad partners can serve the needs of our communities and the nation.”
About the Railway Supply Institute (RSI)
The Railway Supply Institute (RSI) is a trade association representing more than 200 companies involved in the manufacture of products and services in the freight car, tank car, locomotive, maintenance-of-way, communications and signaling, and passenger rail industries. RSI connects members to their customers and partners, supports the improvement of the industry, assists members in the global marketplace, and represents the industry during the regulatory and legislative process. For more information visit www.rsiweb.org, follow RSI on Twitter and join the RSI LinkedIn group.