Senator Kevin Cramer, US Senator for North Dakota | Senator Kevin Cramer Official website
Senator Kevin Cramer, US Senator for North Dakota | Senator Kevin Cramer Official website
In Washington, D.C., a new legislative effort aims to modernize payment practices for bus manufacturers. U.S. Senators Kevin Cramer (R-ND), Tina Smith (D-MN), Katie Britt (R-AL), and John Fetterman (D-PA) have introduced the Bus Rolling Stock Modernization Act. This bill seeks to reform the Federal Transit Administration's (FTA) current regulations, which many believe contribute to a challenging business environment for bus manufacturers.
The proposed legislation would allow transit agencies to make advance payments of up to 20% for bus rolling stock purchased with federal funds. The current FTA regulations require a performance bond or letter of credit and pre-approval from the FTA, which is seen as cumbersome and costly.
Senator Cramer emphasized the potential benefits of the bill: “Our legislation cuts unnecessary red tape, allowing bus manufacturers across America to invest in their production capacity,” he said. He noted that this change could benefit local transit agencies in North Dakota and manufacturers like Motor Coach Industries in Pembina.
Senator Smith highlighted the importance of transit systems: “Each day, transit systems connect Minnesotans to their jobs, schools, and countless other opportunities – all while reducing traffic congestion.” She believes the bill will support U.S. bus manufacturing jobs and improve access to transportation for Americans.
Motor Coach Industries expressed appreciation for the initiative: "This bill strengthens the motorcoach industry, driving job creation and economic growth at Motor Coach Industries (MCI) in Pembina, North Dakota, and across all our U.S. manufacturing sites, which employ 4,000 Americans,” a statement read.
The bill has been referred to the Senate Banking Committee for further consideration.