A bill to amend section 206 of the Regional Rail Reorganization Act of 1973 to extend the time period applicable to the transfer of certain properties from Conrail to a State, local or regional transportation authority, or Amtrak.

Amends the Regional Rail Reorganization Act of 1973 to extend the period of time during which the Consolidated Rail Corporation (Con Rail) is to transfer rail properties to State, local, or regional transportation authorities, or to the National Railroad Passenger Corporation to meet the needs of commuter or intercity rail passenger service.