PUBLIC LAW 94-210—FEB. 5, 1976 '
90 STAT. 65
"(iii) conduct an informal public hearing with respect to such Hearing, proposed transaction and provide an opportunity for all interested parties to submit written comments; "(iv) study each such proposed transaction with respect to— action will improve rail service; and " (v) submit a report to the Commission setting forth the results Report to of each study conducted pursuant to clause (iv), within 10 Commission, days after an application is submitted to the Commission pursuant to subdivision (c), with respect to the proposed transaction which is the subject of such study. The Commission shall g.ve due weight and consideration to such report in making its determinations under this paragraph. "(g) The Commission may— "(i) approve a transaction proposed under this paragraph, if the Commission determines that such proposed transaction is in the public interest; and "(ii) condition its approval of any such proposed transaction on any terms, conditions, and modifications which the Commission determines are in the public interest; or "(iii) disapprove any such proposed transaction, if the Commission determines that such proposed transaction is not in the public interest. In each such case, the decision of the Commission shall be accompanied by a written opinion setting forth the reasons for its action.", (b) Section 5 of the Interstate Commerce Act (49 U.S.C. 5) is further amended— (1) in paragraph (2)(a) thereof by inserting "or paragraph (3)" immediately after "subdivision (b) "; (2) in paragraph (2)(f) thereof, by inserting immediately after " (2) " the following: "or paragraph (3)"; (3) in paragraph (5) thereof, as redesignated by this Act, by striking out "paragraph (2)" and inserting in lieu thereof "paragraphs (2) and (3)", and by striking out "paragraph (5)" and inserting in lieu thereof "paragraph (6)"; (4) in paragraph (8) thereof, as redesignated by this Act, by striking out "paragraph (4)" and inserting in lieu thereof
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