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DOT/FRA RIN: 2130-AC49 Publication ID: Spring 2020 
Title: Revision of Method for Calculating Monetary Threshold for Reporting Rail Equipment Accidents/Incidents 
Abstract:

FRA's accident/incident reporting regulations (49 CFR part 225 or part 225) require railroads to report certain train accidents that result in damages higher than a specified amount (the "reporting threshold"). Without the reporting threshold, or some other parameter, railroads would have to report every minor event. FRA periodically reviews the reporting threshold and adjusts it as necessary to accurately maintain comparability between different years of accident data by having the reporting threshold keep pace with any increases or decreases in equipment and labor costs. This rule proposes: (1) a minor technical correction to the mathematical formula (published at appendix B to part 225) FRA uses to periodically adjust the reporting threshold; (2) the use of full-year (12 months) wage and overall rail equipment price data in the threshold calculation formula (FRA currently uses only 2nd-quarter (3 months) wage and equipment price data in its calculations); and (3) a change in how FRA notifies railroads of adjustments to the reporting threshold. This rule also solicits comment on the feasibility of using a new method to adjust the reporting threshold: time series analysis and forecasted labor and equipment cost data.

 
Agency: Department of Transportation(DOT)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Fully or Partially Exempt 
CFR Citation: 49 CFR 225   
Legal Authority: 49 CFR 1.89    49 U.S.C. 103    49 U.S.C. 20103    49 U.S.C. 20107    49 U.S.C. 20901 and 20902    49 U.S.C. 21301    49 U.S.C. 21302    49 U.S.C. 21311    49 U.S.C. 2461, note    49 U.S.C. 322(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/17/2019  84 FR 22410   
NPRM Comment Period End  07/16/2019 
Final Rule  06/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov   Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Amanda Maizel
Attorney Adviser
Department of Transportation
Federal Railroad Administration
1200 New Jersey Avenue SE,
Washington, DC 20590
Phone:202 493-8014
Email: amanda.maizel@dot.gov