Protecting Taxpayers in Transportation Asset Transfers Act

[AI summary unavailable — showing source text] Protecting Taxpayers in Transportation Asset Transfers Act - Directs the Secretary of Transportation (DOT) to establish a program for: (1) the attachment of federal liens to public transportation assets (federal-aid highways, highway or mass transit projects, air navigation facilities, or federally-assisted train or multimodal stations); and (2) release of such liens in connection with concession agreements between state or local governments and private individuals or entities. Limits the meaning of public transportation asset to a transportation facility constructed, maintained, or upgraded before, on, or after enactment of this Act using federal funds: (1) whose fair market value is more than $500 million, and which has received any federal funding; (2) whose fair market value is less than $500 million, and which has received $25 million or more in federal funding; or (3) in which a significant national public interest (such as interstate commerce, homeland security, public health, or the environment) is at stake. Prohibits any asset transaction (entry into a concession agreement for, or contract for the sale or lease of, a public transportation asset) for an asset attached with …