Because, ya know, any problem with something new means that we should end that something new.
If the Congress in 1895 had the same mentality that it has now, America would have the best horse-and-buggy-based transportation system in the world.
From Ohio History Central -
World's First Automobile AccidentThe world's first automobile accident occurred in Ohio City, Ohio in 1891.
Throughout most of the twentieth century, the city of Detroit, Michigan, was synonymous with American automobile manufacturing. In the late nineteenth and early twentieth centuries, that was not the case. Instead, Ohio innovators in Cleveland and elsewhere were at the forefront of this new form of transportation technology.As most people are aware, that accident didn't stop the development of the automotive industry.
Per the US Department of Transportation, as of 2011 (a mere 120 years later), there were more than 253 million motor vehicles on US roads.
...Of course, if buggy makers had a PAC in 1895...