H.R. 3586

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