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.”