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Faster Purchase of New Buses: Streamlining Transit Fleet Modernization.

This bill simplifies how local transit agencies use federal funds to purchase new buses. It allows agencies to make advance payments (up to 20% of the order value) to manufacturers without needing prior federal approval or requiring performance bonds. This change aims to speed up the modernization of public bus fleets, potentially leading to newer, more reliable transit options for daily commuters.
Key points
Transit agencies can make advance payments (up to 20% of the cost) for new buses without complex security requirements or pre-approval.
The goal is to accelerate the acquisition of modern buses, improving the quality and reliability of public transportation services.
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Expired
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Additional Information
Print number: 118_S_3924
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2024-03-12
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bus Rolling Stock Modernization Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3924.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-03-12.

What are the main provisions?

Key points include:

  • Transit agencies can make advance payments (up to 20% of the cost) for new buses without complex security requirements or pre-approval.
  • The goal is to accelerate the acquisition of modern buses, improving the quality and reliability of public transportation services.
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 Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Transport Public Investments