Small Business Transportation Investment Act of 2024

HR 7548 establishes a program where the federal government sells half of its annual surplus vehicles (unused government fleet vehicles) to eligible small businesses providing ground transportation services - like taxis, shuttles, or non-emergency medical transport - before offering them to others. These businesses can purchase vehicles at the lower of cost (after deducting program admin costs) or open market value, must use them for transportation service for at least two years, and must donate one out of every five vehicles to a nonprofit after use. The bill limits purchases to 50 vehicles per business annually and exempts the program from standard federal vehicle disposal rules. It requires a report to Congress within five years to evaluate the program's effectiveness.