RSI Calls on Congress to Pass Green Tax Credits to Incentivize More Efficient Railcars

Washington, DC, June 1, 2022 – Railway Supply Institute (RSI) President Patty Long released the following statement urging Congress to pass the newly reintroduced H.R. 7902, the Freight Rail Assistance and Investment to Launch Coronavirus-era Activity and Recovery Act or the “Freight RAILCAR Act,” which is being spearheaded by Representatives Brad Schneider (D-IL-10) and Darin LaHood (R-IL-18) in the U.S. House of Representatives with the support of 29 original cosponsors:

“The Freight RAILCAR Act will help improve the safety and efficiency of the North American railcar fleet while reducing greenhouse gas emissions and supporting thousands of manufacturing jobs up and down the supply chain across the United States. By incentivizing private investments in higher capacity and more fuel efficient railcars, Congress can help the rail industry build a more environmentally friendly fleet. This legislation would also help ensure that the freight railcar fleet is in full compliance with the Department of Transportation’s Rule HM- 251, which ensures the safe transportation of energy products, ahead of schedule.

RSI thanks Representatives Schneider, LaHood, and the other cosponsors of this legislation and urges Congress to swiftly pass this important bill.”

About the Railway Supply Institute (RSI)
The Railway Supply Institute (RSI) is dedicated to advancing safety, innovation, technology, and sustainability within the freight and passenger railway supplier industry, both in North America and global markets. As the voice of the industry, RSI strategically engages in critical and urgent industry matters by leveraging the technical expertise of our members to advocate in the legislative and regulatory arenas, foster education, host impactful events, and facilitate networking opportunities. For more information visit, follow RSI on Twitter and LinkedIn

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