Plain English
GovGreed Synthesis ·
This bill allows a state or local authority (e.g., a transit authority) to use public transportation grants to make a partial advance payment for bus rolling stock (e.g., transit buses). Specifically, a public transportation grant recipient may use grant funds to make an advance payment of not more than 20% of the total purchase order value of a bus rolling stock vehicle without requiring the vehicle manufacturer to provide a performance bond (or similar financial arrangement). In order to make an advance payment, the recipient must meet certain requirements. For example, the recipient must have a signed purchase order and an executed contract with a vehicle manufacturer that includes advance payment provisions.
Market Impact Map
Action Timeline
2025-05-24
Referred to the Subcommittee on Highways and Transit.
2025-05-23
Referred to the House Committee on Transportation and Infrastructure.
2025-05-23
Introduced in House
2025-05-23
Introduced in House
Full Bill Text
119 HR 3586 IH: To establish limitations on advanced payments for bus rolling stock, and for other purposes. U.S. House of Representatives 2025-05-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 3586 IN THE HOUSE OF REPRESENTATIVES May 23, 2025 Mrs. Fischbach (for herself, Mr. Stauber , and Ms. Craig ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To establish limitations on advanced payments for bus rolling stock, and for other purposes. 1. Limitations on advanced payments for bus rolling stock Section 5323 of title 49, United States Code, is amended by adding at the end the following: (w) Limitations on advanced payments for bus rolling stock (1) In general Notwithstanding any provision of this chapter or part 200 of title 2, Code of Federal Regulations, or any successor regulation, a recipient may use assistance made available under this chapter to make an advance payment on a bus rolling stock vehicle without the transit vehicle manufacturer obtaining a performance bond or similar financial arrangement. (2) Limitations A recipient making an advance payment under paragraph (1)— (A) shall have— (i) a signed purchase order and executed contract with a transit vehicle manufacturer that includes advance payment provisions; (ii) preaward authority; and (iii) met the requirements under subsection (m) and section 5318(e) of this title; and (B) shall not provide an advanced payment that is more than 20 percent of the total purchase order value. .
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