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DOT/FMCSA | RIN: 2126-AB74 | Publication ID: Spring 2017 |
Title: Financial Responsibility for Motor Carriers, Freight Forwarders, and Brokers | |
Abstract:
FMCSA withdraws its November 28, 2014, ANPRM concerning financial responsibility for motor carriers, freight forwarders, and brokers. Under 49 U.S.C. 31138 and 31139, FMCSA is authorized to establish minimum levels of financial responsibility at or above the minimum levels set by Congress. FMCSA's regulations (49 CFR part 387 subparts A and B) currently require for-hire property and passenger motor carriers and all motor carriers transporting hazardous materials to maintain financial responsibility at the statutory minimums set forth in 49 U.S.C. 31138 and 31139. Part 387, subpart C, requires for-hire motor carriers subject to the Agency's jurisdiction under 49 U.S.C. 13501 to file evidence of financial responsibility with FMCSA. FMCSA sought public comment on whether to exercise its discretion to increase the minimum levels of financial responsibility, and, if so, to what levels. Upon review of all public comments to the ANPRM, FMCSA has determined there is not enough information available to support moving forward with a rulemaking action and so the rulemaking will be withdrawn. |
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Agency: Department of Transportation(DOT) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Prerule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
CFR Citation: 49 CFR 387 | |
Legal Authority: MAP-21 SAFTEA LU |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Small Entities Affected: Businesses | Federalism: Undetermined |
Included in the Regulatory Plan: No | |
RIN Information URL: www.regulations.gov | Public Comment URL: www.regulations.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Sean Gallagher Department of Justice Bureau of Alcohol, Tobacco, Firearms, and Explosives 99 New York Avenue NE, Washington, DC 20226 Phone:202 648-7070 Email: sean.p.gallagher@usdoj.gov |