1. Short title This Act may be cited as the Business Uninterrupted Monetary Program Act of 2023 . 2. Fixed guideway capital investment grants Section 5309 of title 49, United States Code, is amended by adding at the end the following: (s) Business uninterrupted monetary program fund (1) Establishment To be eligible for a grant under this section, a project sponsor or shall establish a fund to be known as a business uninterrupted monetary program fund (in this subsection referred to as a BUMP Fund ). (2) Fund requirements Amounts contributed to a BUMP Fund under this subsection— (A) may count toward the non-Federal share of the cost of a project under such section; and (B) shall be provided to covered entities that are negatively impacted by an interruption caused by a project carried out with amounts made available under such grant. (3) Contributions to the Fund (A) In general The Secretary shall require that the project sponsor contribute an amount into a BUMP Fund that meets the following requirements: (i) The amount required to be set aside shall not impact the total project cost or the total non-Federal match requirement of the project. (ii) Such amount shall reflect the funds necessary to fully carry out the requirement described in paragraph (2)(B). (iii) Such amount may not constitute an amount of the non-Federal cost share that would impede the project sponsor from carrying out the project. (iv) Apply to projects with total cost equal or greater than $100 million. (v) Such amount shall be determined by the local sponsor, so long as such amount— (I) does not exceed 10 percent of the total non-Federal share; and (II) reflects the estimated damages caused by the interruption. (B) Waiver The Secretary may waive or alter the percentage of the contribution amount required under subparagraph (A)— (i) if the Secretary determines that the project sponsor has an equivalent program established that is applicable to the project