Bill > S660

This bill, known as the "Bus Rolling Stock Modernization Act of 2025", establishes new rules for advance payments when purchasing bus vehicles using federal transportation assistance. Specifically, the bill allows transit agencies to make advance payments to bus manufacturers without needing pre-approval or requiring a performance bond, with certain conditions. To qualify for an advance payment, the transit agency must have a signed purchase order, executed contract with specific advance payment provisions, have received pre-award authority, and meet existing federal transit funding requirements. Importantly, the bill limits advance payments to no more than 20 percent of the total purchase order value. The legislation modifies existing federal transportation code (specifically Section 5323 of Title 49) to provide more flexibility for transit agencies in procuring new buses while maintaining financial safeguards. The term "bus rolling stock" refers to buses and other transit vehicles used in public transportation systems.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/660/all-info