To amend the Internal Revenue Code of 1986 to allow employees to receive transportation fringe benefits for the same month both in the form of transit passes and reimbursement of bicycle commuting expenses.

Amends the Internal Revenue Code to: (1) allow employees to receive transit passes and reimbursements of bicycle commuting expenses as tax-exempt employer-provided fringe benefits in the same month; and (2) exempt reimbursements of bicycle commuting expenses from inclusion in gross income as constructively received.