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H. Rept. 118-508 1 (2024-05-14)

handle is hein.congrecreports/crptxagep0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION 118TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 118-508 ROLLING STOCK PROTECTION ACT MAY 14, 2024.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. GRAVES of Missouri, from the Committee on Transportation and Infrastructure, submitted the following REPORT [To accompany H.R. 3317] [Including cost estimate of the Congressional Budget Office] The Committee on Transportation and Infrastructure, to whom was referred the bill (H.R. 3317) to amend title 49, United States Code, to remove the lifetime exemption from the prohibition on pro- curement of rolling stock from certain vehicle manufacturers for parties to executed contracts, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. CONTENTS Page Purpose of Legislation ............................................................................................ 2 Background and Need for Legislation ................................................................... 2 H earings ................................................................................................................... 3 Legislative History and Consideration ................................................................. 3 C om m ittee V otes ...................................................................................................... 4 Committee Oversight Findings and Recommendations ....................................... 4 New Budget Authority and Tax Expenditures ..................................................... 4 Congressional Budget Office Cost Estimate ......................................................... 4 Performance Goals and Objectives ......................................................................... 9 Duplication of Federal Program s ............................................................................ 9 Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Benefits ... 9 Federal M andates Statem ent ................................................................................. 9 Preem ption Clarification ........................................................................................ 9 Advisory Com m ittee Statem ent .............................................................................. 10 Applicability to Legislative Branch ........................................................................ 10 Section-by-Section Analysis of The Legislation ..................................................... 10 Section 1. Short Title ....................................................................................... 10 Section 2. Removal of Lifetime Exemption from Prohibition on Procure- ment of Rolling Stock for Parties to Executed Contracts .......................... 10 Changes in Existing Law Made by the Bill, as Reported ..................................... 10 49-006