An Act To amend title 49, United States Code, to remove the lifetime exemption from the prohibition on procurement of rolling stock from certain vehicle manufacturers for parties to executed contracts.
About This Bill
Passed
Latest Action · May 22, 2024
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Rolling Stock Protection Act
This bill eliminates an exemption from the prohibition on using a type of federal financial aid to procure rail rolling stock for use in public transportation from certain manufacturers. Such prohibited manufacturers include ones that, among other things, are owned or controlled by a company based in a nonmarket economy country that is flagged for monitoring by the Office of the U.S. Trade Representative. Currently, this exemption applies to contracts made prior to the enactment of the prohibition.
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