H.R. 3586

119 HR 3586 IH: To establish limitations on advanced payments for bus rolling stock, and for other purposes.
 U.S. House of Representatives
 2025-05-23
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 I  119th CONGRESS  1st Session  H. R. 3586  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.
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.
 .