Amtrak

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Amtrak

A government-owned corporation in the United States providing rail service between cities. All preferred stock is owned by the federal government, and the President appoints members of the board of directors (subject to Senate confirmation). Amtrak has never been self-sufficient. Critics of government-owned companies often point to this as a sign that the private market is better at running companies. Amtrak's defenders, however, point out that the U.S. government also must subsidize air travel (which is privately run).
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Two other companies would be created--one would be a private railway company set up under contracts with individual states and the other to be named the National Passenger Rail Corporation, owned and operated by the federal government.
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