---
kind: "section"
citation: "49 U.S.C. § 24303"
title: "49"
title_heading: "Transportation"
number: "24303"
heading: "Officers"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/49/24303"
units:
  - "Subtitle V — Rail Programs"
  - "Part C — Passenger Transportation"
  - "Chapter 243 — Amtrak"
---

# §24303. Officers

- (a) **Appointment and Terms.—** Amtrak has a President and other officers that are named and appointed by the [board](/usc/49/28501.md?p=1) of directors of Amtrak. An officer of Amtrak must be a citizen of the United States. Officers of Amtrak serve at the pleasure of the [board](/usc/49/28501.md?p=1).
- (b) **Pay.—** The [board](/usc/49/28501.md?p=1) may fix the pay of the officers of Amtrak. An officer may not be paid more than the general level of pay for officers of [rail carriers](/usc/49/24102.md?p=9) with comparable responsibility. The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.
- (c) **Conflicts of Interest.—** When employed by Amtrak, an officer may not have a financial or employment relationship with another [rail carrier](/usc/49/24102.md?p=9), except that holding securities issued by a [rail carrier](/usc/49/24102.md?p=9) is not deemed to be a violation of this subsection if the officer holding the securities makes a complete public disclosure of the holdings and does not participate in any decision directly affecting the [rail carrier](/usc/49/24102.md?p=9).

## Source credit

(Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 907; Pub. L. 105–134, title II, § 207, Dec. 2, 1997, 111 Stat. 2584.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 24303(a) | 45:543(d) (1st, 4th, 5th sentences). | Oct. 30, 1970, Pub. L. 91–518, § 303(d), 84 Stat. 1331; June 22, 1972, Pub. L. 92–316, § 1(a), 86 Stat. 227; May 26, 1975, Pub. L. 94–25, § 2, 89 Stat. 90; July 18, 1982, Pub. L. 97–216, § 101 (par. under heading “Grants to the National Railroad Passenger Corporation”), 96 Stat. 187; June 22, 1988, Pub. L. 100–342, § 18(c), 102 Stat. 636. |
| 24303(b) | 45:543(d) (2d, 3d sentences). |  |
| 24303(c) | 45:543(d) (last sentence). |  |

In subsection (a), the words “of directors of Amtrak” are added for clarity.

In subsection (b), the words “rates of”, “president and other”, and “at a level” are omitted as surplus.

In subsection (c), the words “direct or indirect” are omitted as surplus. The word “another” is substituted for “any” for clarity.

### Editorial Notes

### Amendments

1997—Subsec. (b). Pub. L. 105–134 inserted at end “The preceding sentence shall not apply for any fiscal year for which no Federal assistance is provided to Amtrak.”