SUNSET TRIGGER.

SEC. 204. SUNSET TRIGGER. (a) In General.—If at any time more than 2 years after the date of enactment of this Act and implementation of the financial plan referred to in section 24104(d) of title 49, United States Code, as amended by section 201 of this Act, the Amtrak Reform Council finds that— (1) Amtrak’s business performance will prevent it from meeting the financial goals set forth in section 24104(d) of title 49, United States Code, as amended by section 201 of this Act; or Amtrak will require operating grant funds after the fifth anniversary of the date of enactment of this Act, then the Council shall immediately notify the President, the Committee on Commerce, Science, and Transportation of the United States Senate, and the Committee on Transportation and Infrastructure of the United States House of Representatives. (b) Factors Considered.—In making a finding under subsection (a), the Council shall take into account— (1) Amtrak’s performance; (2) the findings of the independent assessment conducted under section 202; (3) the level of Federal funds made available for carrying out the financial plan referred to in section 24104(d) of title 49, United States Code, as amended by section 201 of this Act; and (4) Acts of God, national emergencies, and other events beyond the reasonable control of Amtrak. 111 STAT. 2582 (c) Action Plan.—Within 90 days after the Council makes a finding under subsection (a)— (1) it shall develop and submit to the Congress an action plan for a restructured and rationalized national intercity rail passenger system; and (2) Amtrak shall develop and submit to the Congress an action plan for the complete liquidation of Amtrak, after having the plan reviewed by the Inspector General of the Department of Transportation and the General Accounting Office for accuracy and reasonableness.