June 18: Changes to Railway Safety Law Took Effect

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The Safe and Accountable Rail Act received Royal Assent. The Act amends the Canada Transportation Act to impose enhanced insurance requirements and require a supplemental compensation fund financed by levies on crude oil shippers. The new liability and compensation regime under the Canada Transportation Act will be brought into force in one year. The new law also amends the Railway Safety Act to increase information-sharing provisions and provide stronger oversight powers for the Minister and Transport Canada inspectors. Those amendments are now in effect.