The Trump Administration’s proposed budget for FY21 does not appear to be very kind to bicycling. The proposed transportation budget would eliminate the largest source of federal aid for cycling: Transportation Enhancements.
Instead, the proposed budget would fold the money into general surface transportation funding to states, without any guarantee for programs that have funded trail construction, safety, Safe Routes to School, etc. The administration claims this will give the states flexibility to meet their own needs.
The proposal does increase funding for Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants from $800 million to $1 billion. Several communities are using these competitive grants to improve and expand cycling access (https://www.cyclingwest.com/advocacy/build-grants-to-help-bicycle-infrastructure/), but again, there is no requirement to do so.
Communities have until May 18 to apply for a BUILD grant this year. See https://www.transportation.gov/BUILDgrants.