Transit Emergency Relief Act

This bill amends federal transportation law to establish a dedicated "Transit Emergency Relief Program" for public transportation agencies. It extends funding availability for emergency relief grants - making allocated funds last until spent rather than expiring annually - and adds $50 million yearly from 2024 through 2027 for this specific program. The changes adjust prior funding levels slightly (e.g., raising the 2024 allocation from $14.04 billion to $14.04 billion in the text) while requiring grants to follow existing labor standards. This directly affects state and local transit agencies receiving federal grants under Title 49, providing more flexible and predictable funding for emergency relief needs.