S. 660 · 119th Congress
Bus Rolling Stock Modernization Act of 2025
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D
SmithSponsor3 cosponsors · 1 D, 2 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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).
What it does: CRS summary · Introduced in Senate · Feb 20, 2025
Bus Rolling Stock Modernization Act of 2025
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).
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bus Rolling Stock Modernization Act of 2025
Latest action (Feb 20, 2025): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Transportation and Public Works · Origin: Senate · Introduced: Feb 20, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.