S. 5626 — Introduced in Senate

II 118th CONGRESS 2d Session S. 5626 IN THE SENATE OF THE UNITED STATES December 19 (legislative day, December 16), 2024Ms. Smith (for herself and Mr. Rounds) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To modify the Federal share of operating costs for certain projects that receive grants under the Formula Grants to Rural Areas Program of the Federal Transit Administration. 1. Short title This Act may be cited as the Investments in Rural Transit Act of 2024. 2. Increased Federal share of operating costs for certain areas Section 5311(g)(2) of title 49, United States Code, is amended— (1) by striking in Assistance.— and all that follows through subparagraph (B), a and inserting Assistance.—A; (2) by striking 50 percent and inserting 80 percent; and (3) by striking subparagraph (B).