Sec. 2205. Improved oversight of Amtrak accounting
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Section 24317 of title 49, United States Code, is amended— in subsection (a)(2), by striking and costs among Amtrak business lines and inserting , including Federal grant funds, and costs among Amtrak service lines ; by amending subsection
(b)to read as follows: The Secretary of Transportation, in consultation with Amtrak, shall define, maintain, and periodically update an account structure and improvements to accounting methodologies, as necessary, to support the Northeast Corridor and the National Network. The Secretary shall notify the Committee on Commerce, Science, and Transportation of the Senate , the Committee on Appropriations of the Senate , the Committee on Transportation and Infrastructure of the House of Representatives , and the Committee on Appropriations of the House of Representatives regarding any substantive changes made to the account structure, including changes to— the service lines described in section 24320(b)(1); and the asset lines described in section 24320(c)(1). ; in subsection (c), in the matter preceding paragraph (1), by inserting , maintaining, and updating after defining ; in subsection (d), in the matter preceding paragraph (1), by inserting , maintaining, and updating after defining ; by amending subsection
(e)to read as follows: Amtrak, in consultation with the Secretary of Transportation, shall maintain and implement any account structures and improvements defined under subsection
(b)to enable Amtrak to produce sources and uses statements for each of the service lines described in section 24320(b)(1) and, as appropriate, each of the asset lines described in section 24320(c)(1), that identify sources and uses of revenues, appropriations, and transfers between accounts. Not later than 30 days after the implementation of subsection (b), and monthly thereafter, Amtrak shall submit to the Secretary of Transportation updated sources and uses statements for each of the service lines and asset lines referred to in paragraph (1). The Secretary and Amtrak may agree to a different frequency of reporting. ; by striking subsection (h); and by redesignating subsection
(i)as subsection (h).