HR 3586
To establish limitations on advanced payments for bus rolling stock, and for other purposes.
Summary
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 requiring the vehicle manufacturer to provide a performance bond (or similar financial arrangement). 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.
Bill status
- Status
- In committee
- Sponsor
- Rep. Michelle Fischbach [R-MN-7]
- Cosponsors
- 3
- Policy area
- Transportation and Public Works
- Introduced
- 2025-05-23
- Latest action
- 2025-05-24: Referred to the Subcommittee on Highways and Transit.
Committee referrals
Recent actions
- 2025-05-24: Referred to the Subcommittee on Highways and Transit.
- 2025-05-23: Referred to the House Committee on Transportation and Infrastructure.
- 2025-05-23: Introduced in House
- 2025-05-23: Introduced in House