An electronic vent valve for an electronically controlled pneumatic (ECP") braking system having a plurality of braking sites at which a braking force can be applied. The ECP braking system includes a master controller processing circuit, individual braking control units located proximate each of the braking sites and a brake pipe supplying compressed air to the braking sites. The electronic vent valve is in fluid communication with the compressed air carried by the brake pipe and has an open position for substantially venting the compressed air from the brake pipe and a closed position for substantially retaining the compressed air within the brake pipe. The electronic vent valve includes a control circuit for causing the valve to open during emergency braking operations, thereby assuring a rapid decrease in the brake pipe pressure. The control circuit preferably includes a brake pipe pressure sensor and a microprocessor for calculating a rate of change of the brake pipe pressure (dP/dt) and for causing the valve to open whenever the calculated rate of change of brake pipe pressure exceeds a threshold value. The control circuit can additionally cause the valve to open in response to a direct command from the master controller and can transmit to the master controller various operational characteristics of the braking system and the microprocessor itself.