A bipartisan group of senators unveiled legislation to address safety issues highlighted by the derailment of a Norfolk Southern freight train in East Palestine, Ohio. It places more safety requirements on trains carrying hazardous chemicals.
Major freight operators have fended off tighter regulations for years, but the tragic derailment appears to have changed the calculus.
The bill also significantly increases the maximum fine the Transportation Department can levy for safety violations to 1% of a railroad's annual operating income from $225,000.
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