CSX Corp. Spent $3.2 Million in 2007 to Lobby Congress

Date: February 19, 2008

Source: News Room

The Associated Press reports that CSX Corp. spent $3.2 million in 2007 to lobby on legislation related to rail security, renewable energy and investments. Among other issues, CSX lobbied on bills designed to establish a federal renewable energy portfolio standard for certain utilities, to exclude solid waste disposal from the jurisdiction of the Surface Transportation Board (STB) and to create incentives for investments to expand freight rail infrastructure capacity. The major railroads have been concerned that the rail-waste exemption issue could affect the STB's exclusive jurisdiction of the rail system.

The company also lobbied on homeland security legislation, including a bill that would require the Department of Homeland Security to establish a national strategy for rail security.

In addition, the company lobbied Congress and the Department of Transportation on legislation that would require hedge fund advisers to register with securities regulators.

Lobbyists are required to disclose activities that could influence members of the executive and legislative branches, under a federal law enacted in 1995.

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