Here's the sting in the tail:-
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Finally, it was considered important that passengers travelling on all modes of transport should be treated equally and enjoy equal rights to compensation. Similar rules should therefore be enacted for rail, ferry, bus and coach transportation. It would be irrational, unfair and a distortion of competition to compensate for denied boarding or a long delay in the case of a plane journey between two European cities whilst not offering compensation in similar circumstances for a high speed train journey between the two same cities.</font>
This will probably ensure that the proposal never becomes law. Nobody is going to pay train passengers compensation of this order.