Introduced:
Feb 20, 2025
Policy Area:
Transportation and Public Works
Congress.gov:
Bill Statistics
2
Actions
3
Cosponsors
1
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
AI Summary
AI Summary
No AI Summary Available
Click the button above to generate an AI-powered summary of this bill using Claude.
The summary will analyze the bill's key provisions, impact, and implementation details.
Error generating summary
Latest Action
Feb 20, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summaries (1)
Introduced in Senate
- Feb 20, 2025
00
<p><strong>Bus Rolling Stock Modernization Act of 2025</strong></p><p>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). </p><p>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 obtaining preapproval or requiring the vehicle manufacturer to provide a performance bond (or other form of security). 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.</p>
Actions (2)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Type: IntroReferral
| Source: Senate
Feb 20, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Feb 20, 2025
Subjects (1)
Transportation and Public Works
(Policy Area)
Cosponsors (3)
(R-AL)
Feb 20, 2025
Feb 20, 2025
(R-ND)
Feb 20, 2025
Feb 20, 2025
(D-PA)
Feb 20, 2025
Feb 20, 2025
Full Bill Text
Length: 2,228 characters
Version: Introduced in Senate
Version Date: Feb 20, 2025
Last Updated: Nov 15, 2025 6:21 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 660 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 660
To establish limitations on advanced payments for bus rolling stock,
and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
February 20, 2025
Ms. Smith (for herself, Mr. Cramer, Mr. Fetterman, and Mrs. Britt)
introduced the following bill; which was read twice and referred to the
Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
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,
[From the U.S. Government Publishing Office]
[S. 660 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 660
To establish limitations on advanced payments for bus rolling stock,
and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
February 20, 2025
Ms. Smith (for herself, Mr. Cramer, Mr. Fetterman, and Mrs. Britt)
introduced the following bill; which was read twice and referred to the
Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
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.
This Act may be cited as the ``Bus Rolling Stock Modernization Act
of 2025''.
SEC. 2.
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.
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 recipient obtaining pre-
approval or requiring a performance bond or other form of
security from the transit vehicle manufacturer.
``
(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
``
(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 recipient obtaining pre-
approval or requiring a performance bond or other form of
security from the transit vehicle manufacturer.
``
(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.
(e) of this
title; and
``
(B) shall not provide an advanced payment that is
more than 20 percent of the total purchase order
value.''.
<all>