S.660

Bus Rolling Stock Modernization Act of 2025 allows advance payments for buses without pre-approval or security, with a 20% limit.

The Bus Rolling Stock Modernization Act of 2025 amends federal transportation law to allow recipients to make advance payments for bus rolling stock without needing pre-approval or requiring a performance bond or other security from the manufacturer. However, it limits the advance payment to no more than 20% of the total purchase order value. To make such a payment, the recipient must have a signed purchase order and executed contract with the manufacturer, preaward authority, and meet certain requirements.