This bill requires recipients of federal grants for major transit and highway construction projects to establish a "BUMP Fund" (Business Uninterrupted Monetary Program Fund) to compensate local businesses negatively affected by project disruptions. For transit projects over $100 million, sponsors must set aside up to 10 percent of the non-federal share; for highway projects over $50 million, up to 25 percent can be set aside. These funds can be used to reimburse eligible businesses and nonprofits for losses including utilities, insurance, rent, payroll, and lost income during construction. The bill also creates a separate competitive grant program offering up to $10 million to project sponsors for ongoing projects that began after October 2018 to help affected businesses. Project sponsors must submit detailed plans explaining how they'll identify eligible businesses, distribute funds, and track impacts, with flexibility to waive requirements if equivalent programs already exist or if no business interruptions are expected.
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