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H.R. 3317, The Rolling Stock Protection Act (CBO Report for Congress)

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Congress 118th
Date Requested May 23, 2023
Requested By House Committee on Transportation and Infrastructure
Date Sent July 20, 2023
Description:
H.R. 3317 would remove an exemption from current law that allows a small number of public transit agencies to procure rolling stock from entities owned, controlled, or associated with certain countries. CBO estimates that enacting the bill could change the pace of spending for amounts previously appropriated for the Federal Transit Administration’s Capital Investment Grants, relative to current law. (Those amounts could include funds that were designated as an emergency requirement under the Infrastructure Investment and Jobs Act.) However, because few transit agencies would be affected, CBO expects that any changes in spending would total less than $500,000 in any year and over the 2023-2033 period.

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