delete Order Prescribing Terms and Conditions Respecting Compensatory Payments for For-Hire Highway Transportation Companies, Non-Federally Regulated Railway Companies and Water Transportation Companies
1970s-era compensation program for transportation companies (highway, non-federally regulated railways, water carriers) that lost revenue due to federal rail rate freeze. Claims required detailed shipping records; payments capped at $13M total.
This obsolete subsidy program compensates private companies for revenue lost due to government price controls, distorting market competition and creating moral hazard. Taxpayers bear the cost of regulatory mistakes while inefficient business models are perpetuated rather than adapting to market forces.