Buried amongst provisions to bailout financial institutions, purchase toxic mortgage-backed securities, and commence emergency bridge loans, the $700 billion bailout includes The Bicycle Commuter Act, which gives companies $20 per month per employee that regularly commutes to work via pedal power.
Some potential uses for the money include covered bicycle parking, showers for employees, and reimbursements for helmets and locks.
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Nice, this is what I like to hear. Do you know if there are regulations on the size of the company that can get compensated? I would love to see more indoor parking to keep those damn lock rats away from my flagship bike.
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