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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.