WASHINGTON (BRAIN) — President Obama on Thursday signed HR 4665, the Outdoor REC Act.
The law instructs the Department of Commerce and federal land management agencies to provide statistics on how the outdoor industry, including bicycling, contributes to the U.S. economy.
Supporters said the law will guarantee that bicycle industry jobs and the economic impact of bicycling are accounted for as part of the gross domestic product. It will also ensure that the outdoor industry's economic statistics are measured in the same way as other sectors, such as the automobile, pharmaceutical and agricultural industries.
