[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3586 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 3586

 To establish limitations on advanced payments for bus rolling stock, 
                        and for other purposes.


_______________________________________________________________________


                    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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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