This Act may be cited as the Transit Captions Innovations Act.

Section 5312(e)(3) of title 49, United States Code, is amended— (1) in paragraph (B), by striking or at the end; (2) in paragraph (C), by striking the period at the end and inserting; or; and (3) by adding at the end the following: (D) the deployment of real-time transcription and translation technology to improve the rider experience for deaf, hard of hearing, and limited English proficient individuals..

Section 5338(a)(2)(G) of title 49, United States Code, is amended— (1) in paragraph (i), by striking and at the end; (2) in paragraph (ii), by inserting and at the end; and (3) by adding at the end the following: (iii) $4,000,000 for fiscal year 2027, $4,100,000 for fiscal year 2028, $4,202,500 for fiscal year 2029, $4,307,562 for fiscal year 2030, and $4,415,251 for fiscal year 2031 shall be available to carry out projects eligible under section 5312(e)(3)(D);.