(a) In General.—
Not later than 1 year after the date of the enactment of the Surface Transportation Board Reauthorization Act of 2015, the Board shall promulgate regulations to establish a voluntary and binding arbitration process to resolve rail rate and practice complaints subject to the jurisdiction of the Board.
(b) Covered Disputes.—The voluntary and binding arbitration process established pursuant to subsection (a)—
(1) shall apply to disputes involving—
rates, demurrage, accessorial charges, misrouting, or mishandling of rail cars; or
(2) shall not apply to disputes—
to prescribe for the future any conduct, rules, or results of general, industry-wide applicability;
that are solely between 2 or more rail carriers; and
(c) Arbitration Procedures.—
(1) In general.—The Board—
may make the voluntary and binding arbitration process established pursuant to subsection (a) available only to the relevant parties;
(B) may make the voluntary and binding arbitration process available only—
through other procedures adopted by the Board in a rulemaking proceeding;
may initiate the voluntary and binding arbitration process not later than 40 days after the date on which a written complaint is filed or through other procedures adopted by the Board in a rulemaking proceeding.
In resolving a covered dispute involving the reasonableness of a rail carrier’s rates, the arbitrator or panel of arbitrators, as applicable, shall consider the Board’s methodologies for setting maximum lawful rates, giving due consideration to the need for differential pricing to permit a rail carrier to collect adequate revenues (as determined under section 10704(a)(2)).
(d) Arbitration Decisions.—Any decision reached in an arbitration process under this section—
An arbitrator or panel of arbitrators shall be selected not later than 14 days after the date of the Board’s decision to initiate arbitration.
(2) Evidentiary process.—The evidentiary process of the voluntary and binding arbitration process shall be completed not later than 90 days after the date on which the arbitration process is initiated unless—
The arbitrator or panel of arbitrators, as applicable, shall issue a decision not later than 30 days after the date on which the evidentiary record is closed.
The Board may extend any of the timelines under this subsection upon the agreement of all parties in the dispute.
(1) In general.—
Unless otherwise agreed by all of the parties, an arbitration under this section shall be conducted by an arbitrator or panel of arbitrators, which shall be selected from a roster, maintained by the Board, of persons with rail transportation, economic regulation, professional or business experience, including agriculture, in the private sector.
In an arbitration under this section, the arbitrators shall perform their duties with diligence, good faith, and in a manner consistent with the requirements of impartiality and independence.
(A) In general.—
If the parties cannot mutually agree on an arbitrator, or the lead arbitrator of a panel of arbitrators, the parties shall select the arbitrator or lead arbitrator from the roster by alternately striking names from the roster until only 1 name remains meeting the criteria set forth in paragraph (1).
(B) Panel of arbitrators.—If the parties agree to select a panel of arbitrators, instead of a single arbitrator, the panel shall be selected under this subsection as follows:
The parties to a dispute may mutually select 1 arbitrator from the roster to serve as the lead arbitrator of the panel of arbitrators.
If the parties cannot mutually agree on a lead arbitrator, the parties shall select a lead arbitrator using the process described in subparagraph (A).
(1) In general.—
Subject to the limitations set forth in paragraphs (2) and (3), an arbitral decision under this section may award the payment of damages or rate prescriptive relief.
(h) Board Review.—If a party appeals a decision under this section to the Board, the Board may review the decision under this section to determine if—