We have received text from H.R. 6348: Transportation Assistance for Olympic and World Cup Cities Act of 2025. This bill was received on 2025-12-02, and currently has 5 cosponsors.
Here is a short summary of the bill:
This bill, known as the Transportation Assistance for Olympic and World Cup Cities Act of 2025, aims to support cities in the United States that are hosting major international sporting events, such as the Olympics and World Cups. Below are the key aspects of the bill:
Purpose
The purpose of the bill is to assist state, tribal, and local governments in managing transportation needs associated with hosting international sporting events. This support is intended to enhance national recognition and economic benefits for the host cities.
Definitions
- Covered Event: Refers to significant international sporting events that are multiday occurrences. Examples include Olympic events and FIFA World Cups, held in locations designated by the International Olympic Committee or FIFA.
- Eligible Entity: Includes state or local government entities, Indian Tribes, or territories directly hosting or supporting a covered event.
- Eligible Project: Transportation projects that facilitate movement for the event or mitigate any adverse transportation effects during the event.
Grant Allocation
The bill allows the Secretary of Transportation to allocate funding as follows:
- Each host metropolitan planning organization can receive up to $10 million for a covered event, distributed evenly.
- If more funds remain after the initial allocation, they can be shared with subsequent host organizations for future events.
Use of Funds
Host metropolitan planning organizations can utilize allocated funds for:
- Carrying out transportation projects or funding eligible organizations to do so, provided these projects are within a 100-mile radius of the event location.
- Planning activities that assist in the logistics and organization of transportation related to the event.
Prohibitions and Limitations
Funds allocated under this bill cannot be used for:
- Any activities related to preparing or submitting bids to host covered events.
Furthermore, assistance is limited to a timeline, only available from five years before the event until thirty days after it concludes.
Transportation Planning Assistance
The bill ensures that the Secretary of Transportation provides technical and planning support to entities involved, which includes:
- Assisting local and state governments in transportation planning for covered events.
- Facilitating coordination between various governmental and private transportation plans.
Authorization of Appropriations
The bill authorizes an appropriation of $50 million per fiscal year to fund these transportation assistance programs.
Relevant Companies
- CSCO (Cisco Systems, Inc.) - May be involved in providing networking solutions for event communications and logistics.
- UAL (United Airlines) - Could see increased demand for air travel to the events and may benefit from additional transportation planning support.
- HTZ (Hertz Global Holdings, Inc.) - Likely to be impacted as demand for car rentals increases during the events, requiring logistical support.
Representative Rick Larsen Bill Proposals
Here are some bills which have recently been proposed by Representative Rick Larsen:
- H.R.6530: To require the Chief Information Officer of the Department of Defense to include training on artificial intelligence cybersecurity issues for members of the Armed Forces and civilian employees of the Department of Defense, and for other purposes.
- H.R.6451: To direct the Secretary of Transportation to establish a pilot program for grants to improve access to public transportation services for veterans, and for other purposes.
- H.R.6348: Transportation Assistance for Olympic and World Cup Cities Act of 2025
- H.R.6148: Patients Over Paperwork Act of 2025
- H.R.4855: Veteran Families Health Services Act of 2025
- H.R.3773: PROTECT Act of 2025
You can track bills proposed by Representative Rick Larsen on Quiver Quantitative's politician page for Larsen.
Representative Rick Larsen Net Worth
Quiver Quantitative estimates that Representative Rick Larsen is worth $1.3M, as of December 18th, 2025. This is the 308th highest net worth in Congress, per our live estimates.
Larsen has approximately $238.9K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Rick Larsen's net worth on Quiver Quantitative's politician page for Larsen.
Representative Rick Larsen Stock Trading
We have data on up to $1.0M of trades from Representative Rick Larsen, which we parsed from STOCK Act filings. Some of the largest trades include:
- A October 6th, 2025 sale of up to $15K of $ODFL. The stock has risen 11.67% since then.
- A January 7th, 2025 purchase of up to $15K of $CTAS. The stock has fallen 0.63% since then.
- A July 7th, 2022 purchase of up to $15K of $MRK. The stock has risen 7.84% since then.
- A January 9th, 2024 sale of up to $15K of $BMY. The stock has risen 2.2% since then.
- A October 6th, 2025 purchase of up to $15K of $AEP. The stock has fallen 1.32% since then.
You can track Representative Rick Larsen's stock trading on Quiver Quantitative's politician page for Larsen.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
