HR 6376
Business Uninterrupted Monetary Program Act of 2023
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Bill overview
This bill, the Business Uninterrupted Monetary Program Act of 2023, aims to mitigate the financial impact of transportation projects on local businesses. It requires project sponsors undertaking large-scale infrastructure projects (generally $100 million or more) to establish and contribute to a ‘Business Uninterrupted Monetary Program Fund’ (BUMP Fund). This fund would provide financial assistance to negatively impacted businesses during project construction, with potential funding sources including both federal and non-federal funds. The bill also extends this requirement to Federal-aid highway projects and creates a competitive grant program to provide relief to businesses affected by ongoing construction projects.
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