Rolling Stock Protection Act
This bill eliminates the exemption from the prohibition on procurement of rail rolling stock for use in public transportation with respect to executed contracts between public transportation agencies and certain rolling stock manufacturers. Such prohibited manufacturers include ones that, among other things, are owned or controlled by a company based in a nonmarket economy country that is flagged for monitoring by the United States Trade Representative.
To amend title 49, United States Code, to remove the lifetime exemption 
   from the prohibition on procurement of rolling stock from certain 
        vehicle manufacturers for parties to executed contracts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Rolling Stock Protection Act''.

SEC. 2. REMOVAL OF LIFETIME EXEMPTION FROM PROHIBITION ON PROCUREMENT 
              OF ROLLING STOCK FOR PARTIES TO EXECUTED CONTRACTS.

    Section 5323(u)(5) of title 49, United State Code, is amended--
            (1) in subparagraph (B) by striking ``Except as provided in 
        subparagraph (C) and for a contract or subcontract that is not 
        described in subparagraph (A)'' and inserting ``Except as 
        provided in subparagraph (B)'';
            (2) in subparagraph (C) by striking ``Subparagraph (B)'' 
        and inserting ``Subparagraph (A)'';
            (3) by striking subparagraph (A); and
            (4) by redesignating subparagraphs (B) and (C) as 
        subparagraphs (A) and (B), respectively.
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Rolling Stock Protection Act
To amend title 49, United States Code, to remove the lifetime exemption from the prohibition on procurement of rolling stock from certain vehicle manufacturers for parties to executed contracts.
Rolling Stock Protection Act
Rep. Crawford, Eric A. "Rick"