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Bus Rolling Stock Modernization Act of 2025
To establish limitations on advanced payments for bus rolling stock, and for other purposes.
Summary
This bill modifies federal transit funding rules to allow transit agencies to make advance payments on bus purchases using federal assistance without obtaining pre-approval from federal authorities or requiring performance bonds from bus manufacturers. Transit agencies making advance payments must have a signed purchase order and executed contract with the manufacturer that includes advance payment provisions and must meet applicable federal requirements. Advance payments are limited to no more than 20 percent of the total purchase order value. The bill is intended to streamline the process for transit agencies to purchase new buses by reducing regulatory requirements while maintaining financial safeguards through the advance payment cap.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Smith, Tina [D-MN] (D-MN)
3 cosponsors
- Sen. Britt, Katie Boyd [R-AL] (R-AL)
- Sen. Cramer, Kevin [R-ND] (R-ND)
- Sen. Fetterman, John [D-PA] (D-PA)
Actions (2)
- Feb 20, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Feb 20, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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. SHORT TITLE.
This Act may be cited as the “Bus Rolling Stock Modernization Act of 2025”.
SEC. 2. 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 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.”. <all>
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