As soon as practicable after January 14, 1983, the Interstate Commerce Commission shall promulgate an expedited, modified procedure for providing on the date of transfer a certificate of public convenience and necessity to the State-owned railroad. No inventory, valuation, or classification of property owned or used by the State-owned railroad pursuant to subchapter V of chapter
107 of title
49 shall be required during the two-year period after the date of transfer. The provisions of the National Environmental Policy Act of 1969 (
42 U.S.C.
4321 et seq.) and section 382(b) of the Energy Policy and Conservation Act (
42 U.S.C.
6362
(b)) shall not apply to actions of the Commission under this subsection.