A bipartisan group of congressional leaders is trying once again to push through legislation to provide a tax credit for companies seeking to replace or modernize “inefficient, outdated” freight railcars.
Reps. Bradley Scott Schneider, D-Ill.,and Darin LaHood, R-Ill., introduced the bill, H.R. 7902, the Freight Railcar Act, last Friday.
It has 29 co-sponsors, all of whom have previously signed on to a similar bill in past legislative sessions.
An iteration of this bill was first introduced in the...