WASHINGTON — In the aftermath of a fatal subway accident here this week, the top Republican on the Senate Finance Committee has warned a transportation group that he may consider drafting legislation that would prevent tax-advantaged lease-back deals from blocking transit authorities from maintaining or upgrading their subway cars.

Sen. Charles Grassley, R-Iowa, made the warning in a June 24 letter to William W. Millar, president of the American Public Transportation Association, after learning that the Washington Metropolitan Area Transit Authority, when urged to retire old subway cars by the National Transportation Safety Board, told the NTSB that lease-back transactions required it to keep old cars in service for many years.

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