• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Obama Gives Bikes and Autonomous Cars a Boost

By
Jen Wieczner
Jen Wieczner
Down Arrow Button Icon
By
Jen Wieczner
Jen Wieczner
Down Arrow Button Icon
December 7, 2015, 10:35 AM ET
Bike lanes in Denver
DENVER, CO - DECEMBER 03: Aisling O'Suilleabhain rides down a new bike lane on Arapahoe Streets, December 03, 2015. These are the first bike lanes in Denver to be protected with a row of parking, which provides an additional buffer between bicycle and vehicle traffic to enhance safety. (Photo by RJ Sangosti/The Denver Post via Getty Images)RJ Sangosti Denver Post via Getty Images

President Barack Obama signed the Fixing America’s Surface Transportation Act approving $305 billion in highway and transit spending through 2020.

While the FAST Act is largely a highway funding law, advocates for truckers as well as bicyclists cheered its passage, as the legislation also increases funding for bike lanes and bicycle parking, as well as walking trails. The law allots $835 million annually for biking and pedestrian infrastructure over the next two years, increasing to $850 million annually for the following three years. Although that’s only slightly more than the $834 million those projects currently get, it’s a lot better than nothing—which is what several lawmakers originally proposed with three (unsuccessful) amendments that would have cut bicycle-related funding altogether, according to advocacy organization People for Bikes.

The new law also includes several provisions that could help put more self-driving cars—which companies including Google (GOOG), Audi and Tesla (TSLA) are currently developing—on the road. For example, the FAST Act establishes grants for “advanced transportation and congestion management technologies deployment.” In this category, the law specifically mentions autonomous vehicles, as well as “technologies associated with autonomous vehicles, and other collision avoidance technologies,” as eligible for the grant funding.

Still, some critics said the FAST Act did not go far enough to encourage innovation among self-driving car services—or ride-sharing startups like Uber and Lyft for that matter. “Though daily headlines are filled with an increasing number of stories about autonomous vehicles or shared mobility services changing the landscape of our cities, this bill is virtually silent on both counts,” Transportation for America said in a statement.

On the other hand, autonomous driving proponents might want to be careful what they wish for, as the law hints that more regulation is coming, which could potentially put limits on the makers of self-driving cars. The FAST Act contains a requirement that Government Accountability Office submit a report to Congress in two years that “assesses the status of autonomous transportation technology policy developed by public entities in the United States” and “assesses the organizational readiness of the Department to address autonomous vehicle technology challenges, including consumer privacy protections.”

Congress, it seems, is already thinking past alleviating traffic jams, and envisioning data privacy problems associated with robotic cars.

About the Author
By Jen Wieczner
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Personal Finance
Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax
By Nick LichtenbergJanuary 14, 2026
2 days ago
placeholder alt text
Europe
Americans have been quietly plundering Greenland for over 100 years, since a Navy officer chipped fragments off the Cape York iron meteorite
By Paul Bierman and The ConversationJanuary 14, 2026
2 days ago
placeholder alt text
Health
The head of marketing at Slate posted on LinkedIn requesting cleaning services as a benefit at her company. The next day, HR answered her call
By Sydney LakeJanuary 15, 2026
1 day ago
placeholder alt text
Success
Despite a $45 million net worth, Big Bang Theory star Kunal Nayyar still works tough, 16-hour days—he repeats this mantra when he's overwhelmed
By Orianna Rosa RoyleJanuary 15, 2026
1 day ago
placeholder alt text
Economy
California's wealth tax doesn't fix the real problem: Cash-poor billionaires who borrow money, tax-free, to live on
By Nick LichtenbergJanuary 14, 2026
2 days ago
placeholder alt text
Politics
One year after Bill Gates surprised with the choice to close his foundation by 2045, he's cutting staff jobs
By Stephanie Beasley and The Associated PressJanuary 14, 2026
2 days ago

Latest in

newsom
Personal FinanceTaxes
Gavin Newsom literally started his career with funding from a billionaire, but he was also raised by a single mother with 3 jobs
By Nick LichtenbergJanuary 15, 2026
14 hours ago
newsom
Personal FinanceTaxes
Gavin Newsom’s anti-Zohran moment: the California billionaire tax that splits the Democratic Party down the middle
By Nick LichtenbergJanuary 15, 2026
14 hours ago
Healthoutdoor and sporting goods
5 Best Home Saunas of 2026: Approved by Testers and Experts
By Christina SnyderJanuary 15, 2026
15 hours ago
Big TechTech
Oracle struggles to attract workers to Nashville ‘world HQ’—even with a 2-million-square-foot office and Larry Ellison’s favorite restaurant
By Marco Quiroz-GutierrezJanuary 15, 2026
15 hours ago
The JPMorgan Chase and Co. global headquarters building, center, at 270 Park Avenue in New York, US, on Saturday, Oct. 4, 2025.
Real EstateLuxury
‘They’re going to have to think and act a lot more like hotels’: The new rules of office space now that the ‘genie is out of the bottle on hybrid’
By Jake AngeloJanuary 15, 2026
15 hours ago
Personal FinanceLoans
How to avoid a personal loan origination fee 
By Joseph HostetlerJanuary 15, 2026
16 hours ago