Unbiased AI-powered news
The House Transportation and Infrastructure Committee approved the BUILD America 250 Act on May 22. The legislation directs the Department of Transportation to create safety standards for self-driving commercial trucks and requires remote operators to be based in the United States.
The House Transportation and Infrastructure Committee approved the BUILD America 250 Act on May 22 by a 62-2 vote. The five-year transportation bill directs the Department of Transportation to establish safety standards for autonomous commercial trucks and creates the first federal framework for their operation.
The bill requires manufacturers to certify that vehicles meet federal safety standards before crossing state lines. It also mandates that all remote assistants, driverless operations dispatchers, and remote drivers be physically located in the United States or its territories.
5 million for fiscal year 2027 to fund workforce development grants. Eligible programs include training for commercial driver's license holders to operate and maintain trucks with automated driving systems, as well as apprenticeships for vehicle maintenance technicians.
Ron, COO of Waabi, said the inclusion of a federal autonomous trucking framework signals that the moment for autonomous trucking has arrived. He stated that current federal guidelines are antiquated and slow innovation. The bill now moves to the full House and Senate before reaching the president's desk.
It does not immediately authorize driverless trucks to operate across state lines but establishes a process for developing safety standards.
Single source — no framing comparison available.
cnbc.comKevin Warsh told the House Financial Services Committee on July 14 that the Federal Reserve has no tolerance for persistently high inflation. The testimony followed the release of June consumer price data showing the largest monthly decline since 2020.
Hakeem Jeffries stated he will oppose an amendment that would end U.S. funding for Israel. The proposal is attached to the fiscal 2027 State Department spending bill and has divided Democrats.
cnbc.comFed Chair Kevin Warsh said the United States should not bail out any sector, including crypto, during his semiannual monetary policy report to Congress. He also stated that the Treasury can use the Exchange Stabilization Fund for swap lines unrelated to the Federal Reserve's mone…