The company has recommitted to creating a fund for residents near the site of the wreck that would cover any decline in home values.
Norfolk Southern Corp. CEO Alan Shaw said in a letter to committee members that the railroad expects to compensate homeowners within about 5 miles of the crash if they sell their homes for less than the property was appraised before the derailment. He said the railroad expects to start making payments within a year.
One of those Republicans supporting the bill, J.D. Vance of Ohio, argued that the measure is necessary to stem an increase in rail accidents. Vance and Republican Eric Schmitt of Missouri joined all the committee Democrats in voting for the bill.
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