"Regulators are one step closer to adopting new standards for oil trains that Congress mandated last year.

The Pipeline and Hazardous Materials Safety Administration (PHMSA) sent the standards to the White House Office of Management and Budget for its final review, it said Wednesday.

The Obama administration is hoping to make the standards final and unveil them publicly by October.

The PHMSA and Federal Railroad Administration jointly wrote comprehensive standards for oil trains last year, including new standards for the tank cars and operational rules such as speed restrictions in certain areas."

Timothy Cama reports for The Hill June 8, 2016. [2]