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Adds new subsection (s) establishing a Business Uninterrupted Monetary Program Fund (BUMP Fund) and setting requirements for establishment, contributions, eligible expenses, retention and use of unused funds, sources of deposits, and definitions for projects receiving grants under section 5309.
Adds new section 180 to title 23 establishing the "Business Uninterrupted Monetary Program Fund" (BUMP Fund) with requirements for establishment, allowable contributions, eligible expenses, retention and uses of unused funds, permitted funding sources, and combined-fund options.
Amends section 106 by adding subsection (k) requiring recipients of Federal financial assistance under title 23 for projects with estimated total cost of $50,000,000 or more to establish a BUMP Fund as described under new section 180.
This bill would require certain recipients of grants for transit and highway transportation projects to set up and pay into a “business uninterrupted monetary program” fund. The provided text does not explain how the fund would work, who could get money, or when it would start, only that such a fund must be created and supported by those grant recipients.
Key points
Referred to the House Committee on Transportation and Infrastructure.
Introduced July 23, 2025 by Jose Luis Correa · Last progress July 23, 2025
Referred to the Subcommittee on Highways and Transit.
Referred to the House Committee on Transportation and Infrastructure.
Introduced in House