💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

U.S. Congress seeks to jump start stalled self-driving car bill

Published 07/30/2019, 08:19 PM
© Reuters. A Waymo self-driving vehicle is parked outside the Alphabet company's offices where its been testing autonomous vehicles in Chandler, Arizona
GM
-
GOOGL
-
GOOG
-

By David Shepardson

WASHINGTON (Reuters) - Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed the adoption of self-driving cars.

The House Energy and Commerce Committee and Senate Commerce Committee sent automakers, safety groups and others interested in the bill a request for input and said they were working on a "bipartisan and bicameral basis to develop a self-driving car bill."

In December, Congress abandoned efforts to pass legislation on self-driving cars before it adjourned, in a blow to companies like General Motors Co (NYSE:GM) and Alphabet (NASDAQ:GOOGL) Inc's Waymo unit.

The Alliance of Automobile Manufacturers, representing General Motors, Volkswagen AG (DE:VOWG_p), Toyota Motor Corp and others, praised the announcement.

"Right now various countries are exploring regulations that will shape the future of autonomous vehicles, and the U.S. risks losing its leadership in this life-saving, life-changing technology, so we urge Congress to move forward now, this year," spokeswoman Gloria Bergquist said.

The letter sought input by Aug. 23 on a variety of issues including federal rules - both current or new - testing, privacy, disability access, cybersecurity, consumer education and crash data.

The U.S. House unanimously passed legislation in September 2017 by voice vote to speed the adoption of self-driving cars, but it stalled in the Senate last year. Despite a series of concessions by automakers, the bill could not overcome objections of some Democrats who said it did not do enough to resolve safety concerns.

Under the prior legislation, automakers would have been able to win exemptions from safety rules that require human controls. States could set rules on registration, licensing, liability, insurance and safety inspections but not set performance standards.

In October, the National Highway Traffic Safety Administration (NHTSA) said it was considering a pilot program to allow real-world road testing for a limited number of vehicles without human controls.

Automakers must currently meet nearly 75 auto safety standards, many of them written under the assumption that a licensed driver would be able to control the vehicle using traditional controls.

In January 2017, GM filed a petition with NHTSA seeking an exemption to deploy fully automated vehicles without steering wheels before the end of 2019; that petition was still under review.

© Reuters. A Waymo self-driving vehicle is parked outside the Alphabet company's offices where its been testing autonomous vehicles in Chandler, Arizona

Last week, GM's self-driving unit, Cruise, said it was delaying the commercial deployment of cars past its target of 2019 as more testing of the vehicles was required.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.