June 18, 2015: Canada’s Safe and Accountable Rail Act Has Received Royal Assent

Lisa Raitt, Canada’s Minister of Transport, announced today that the Safe and Accountable Rail Act has received Royal Assent. The Safe and Accountable Rail Act is an amendment to the Canada Transportation Act. The goal of this act is to enhance railway safety and make both the rail industry and crude oil shippers more accountable to Canadians. This act will strengthen the liability and compensation process for federally regulated railways by amplifying insurance requirements and creating a supplemental compensation fund that will be financed by levies on crude oil shippers. The Safe and Accountable Rail Act will be effective on June 18, 2016.

Legislation to strengthen rail safety and accountability receives Royal Assent