US House Lawmaker Calls For Federal Law On Self-Driving Vehicles

(MENAFN- Investor Brand Network) Rep. Erin Houchin, a Republican from Indiana, has called for action on draft legislation before Congress aimed at regulating the rapidly growing self-driving car industry. The bill, dubbed the SELF DRIVE Act, seeks to place self-driving vehicles under the authority of the NHTSA (National Highway Traffic Safety Administration).

For conglomerates like Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) with interests in the self-driving car industry, a federal law governing the industry would bring clarity to the...

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