Motor Carrier Financial Responsibility Report to Congress

On December 4, 2015, the President signed into law the Fixing America’s Surface Transportation Act (FAST Act; P. L. No. 114-94). Section 5517 of the FAST Act directed the U.S. Department of Transportation (DOT) to prepare a report comparing State and Federal financial responsibility requirements for motor carriers of property. The FAST Act also directed DOT to evaluate the efficacy of current minimum levels of financial responsibility in meeting claims for medical costs, compensation, and other identifiable costs, as well as the frequency of liability claims arising from a single event exceeding motor carriers’ current minimum levels of financial responsibility. On July 6, 2012, the President signed into law the Moving Ahead for Progress in the 21st Century Act (MAP-21; P.L. 112-141). Section 32104 of MAP-21 directed the Secretary to issue a report to the Committee on Commerce, Science and Transportation of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives on the appropriateness of the current minimum financial responsibility requirements for motor carriers of property and passengers, and the current bond and insurance requirements for freight forwarders and brokers. This report, prepared by Federal Motor Carrier Safety Administration (FMCSA), fulfills the reporting requirement of section 5517 of the FAST Act. The report also fulfills the quadrennial report requirement of section 32104 of MAP-21. In this report, FMCSA compares the differences between State and FMCSA financial responsibility requirements applicable to for-hire property and household goods carriers operating in foreign, interstate, and intrastate commerce. This was accomplished by a review of all 50 States’ and the District of Columbia’s statutes, rules, regulations, guidelines, filing requirements for proof of insurance, and application requirements for intrastate motor carriers seeking operating authority from State regulators. The report does not include a comparison of the States’ financial responsibility requirements to FMCSA’s financial responsibility requirements applicable to for-hire or private hazardous materials carriers because FMCSA regulates certain intrastate hazardous materials transportation. This report, however, describes State hazardous materials regulations when those regulations are beyond the scope of FMCSA’s authority.

  • Record URL:
  • Corporate Authors:

    Federal Motor Carrier Safety Administration

    1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Publication Date: 2018-3

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Appendices; References; Tables;
  • Pagination: 93p

Subject/Index Terms

Filing Info

  • Accession Number: 01740077
  • Record Type: Publication
  • Files: NTL, TRIS, ATRI, USDOT
  • Created Date: May 8 2020 10:41AM