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2026-07-06 10:51:44 -04:00

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LegalText 49 U.S.C. § 24303 Officers us united_states_code code_section 49 TRANSPORTATION 243 AMTRAK 24303 49 U.S.C. § 24303 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc49@119-100.zip /us/usc/t49/s24303 data/legal/raw/us/code/title-49/usc49.xml e065631c916726b35b2af15cad6863361476d0c151a226e86b6abe6f5090270b 0786acdd244d8f42c5a8e8ed1ec2a8dcb47dd0e02a286752710a20745702a4fb 1d36bfbd507a370e9f315bbad8389e8bf3b36e2228905fd8df2b56a0f787f2f9 2026-07-04 official
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49 U.S.C. § 24303 - Officers

Text

(a) Appointment and Terms.— Amtrak has a President and other officers that are named and appointed by the board of directors of Amtrak. An officer of Amtrak must be a citizen of the United States. Officers of Amtrak serve at the pleasure of the board.

(b) Pay.— The board may fix the pay of the officers of Amtrak. An officer may not be paid more than the general level of pay for officers of rail carriers with comparable responsibility. The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.

(c) Conflicts of Interest.— When employed by Amtrak, an officer may not have a financial or employment relationship with another rail carrier, except that holding securities issued by a rail carrier is not deemed to be a violation of this subsection if the officer holding the securities makes a complete public disclosure of the holdings and does not participate in any decision directly affecting the rail carrier.

(Pub. L. 103272, § 1(e), July 5, 1994, 108 Stat. 907; Pub. L. 105134, title II, § 207, Dec. 2, 1997, 111 Stat. 2584.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 24303(a)45:543(d) (1st, 4th, 5th sentences).Oct. 30, 1970, Pub. L. 91518, § 303(d), 84 Stat. 1331; June 22, 1972, Pub. L. 92316, § 1(a), 86 Stat. 227; May 26, 1975, Pub. L. 9425, § 2, 89 Stat. 90; July 18, 1982, Pub. L. 97216, § 101 (par. under heading “Grants to the National Railroad Passenger Corporation”), 96 Stat. 187; June 22, 1988, Pub. L. 100342, § 18(c), 102 Stat. 636. 24303(b)45:543(d) (2d, 3d sentences). 24303(c)45:543(d) (last sentence). In subsection (a), the words “of directors of Amtrak” are added for clarity. In subsection (b), the words “rates of”, “president and other”, and “at a level” are omitted as surplus. In subsection (c), the words “direct or indirect” are omitted as surplus. The word “another” is substituted for “any” for clarity.

Editorial Notes

Amendments1997—Subsec. (b). Pub. L. 105134 inserted at end “The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.”