H.R. 3586
119th CONGRESS 1st Session
To establish limitations on advanced payments for bus rolling stock, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · May 23, 2025 · Sponsor: Mrs. Fischbach · Committee: Committee on Transportation and Infrastructure
Table of contents
SEC. 1. Limitations on advanced payments for bus rolling stock
- (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)—
- 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
- shall not provide an advanced payment that is more than 20 percent of the total purchase order value.
- shall have—
- A recipient making an advance payment under paragraph (1)—
- (1) In general
- Section 5323 of title 49, United States Code, is amended by adding at the end the following: