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Bus Procurement: New Advance Payment Rules for Public Transit.

New regulations aim to streamline the procurement of buses for public transportation by allowing advance payments to manufacturers. This means local transit authorities can acquire new vehicles more quickly, potentially leading to a more modern bus fleet and improved service quality for passengers. These changes could accelerate the modernization of public transport in your area.
Key points
Allows advance payments to bus manufacturers without requiring a performance bond from them.
Advance payments are limited to 20% of the total purchase order value.
A signed purchase order, executed contract, and other legal requirements must be met before making an advance payment.
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Additional Information
Print number: 118_HR_6964
Sponsor: Rep. Fischbach, Michelle [R-MN-7]
Process start date: 2024-01-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To establish limitations on advanced payments for bus rolling stock, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6964.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-01-11.

What are the main provisions?

Key points include:

  • Allows advance payments to bus manufacturers without requiring a performance bond from them.
  • Advance payments are limited to 20% of the total purchase order value.
  • A signed purchase order, executed contract, and other legal requirements must be met before making an advance payment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Fischbach, Michelle [R-MN-7].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Transport Public Investments