View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

DOT/FMCSA RIN: 2126-AB74 Publication ID: Fall 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is not enough information available to support moving forward with a rulemaking action and so the rulemaking will be withdrawn.

 
Agency: Department of Transportation(DOT)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Regulatory 
CFR Citation: 49 CFR 387   
Legal Authority: MAP-21    SAFTEA LU   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  11/28/2014  79 FR 70839   
Withdrawn  06/05/2017  82 FR 25753   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
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