HYPERLOOP LANGUAGE PASSES IN HOUSE AS PART OF MOVING FORWARD ACT

KUALA LUMPUR, July 8 -- H.R. 2, the Moving Forward Act, has passed the US House of Representatives, with multiple provisions moving the hyperloop industry forward at a rapid pace within the United States (US).

“We applaud hyperloop’s bipartisan supporters for their forward-leaning stance on advanced technologies, including several innovative provisions that will support America’s transportation sector in the 21st century and beyond,” said Virgin Group Founder, Sir Richard Branson.

The recognition from the US government of hyperloop is the first of its kind, further proving that the US intends to be the leader in this industry, according to a statement.

This provision not only acknowledges hyperloop in US Code, but it also directs the Non-Traditional and Emerging Transportation Technology (NETT) Council to issue guidance within six months on a clear regulatory framework for the safe deployment of a hyperloop system.

Included in the surface re-authorisation portion of H.R. 2 is the codification of the NETT Council, which will ensure that new and emerging transportation systems – such as hyperloop – can have a one-stop shop at the US Department of Transportation.

Virgin Hyperloop One has been working closely with the NETT Council over the last year and a half to advance its technology and ensure that they are able to deploy hyperloop safely and quickly.

Bipartisan support from Members of Congress and the Administration has been crucial in the forward progression of the hyperloop industry. The inclusion of the hyperloop provision shows support from Chairman Peter DeFazio (D-OR), but also Members of Congress from both sides of the aisle.

-- BERNAMA