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DOT/FMCSA RIN: 2126-AC10 Publication ID: Spring 2020 
Title: +Broker and Freight Forwarder Financial Responsibility 
Abstract:

FMCSA plans to initiate a rulemaking action pertaining to section 32918 of the Moving Ahead for Progress in the 21st Century Act (MAP-21). MAP-21 raised the financial security amount for brokers from $10,000 to $75,000 and, for the first time, established financial security requirements for freight forwarders. In the ANPRM, the Agency will consider eight separate areas: 1) group surety bonds/trust funds, 2) assets readily available, 3) immediate suspension of broker/freight forwarder operating authority, 4) surety or trust responsibilities in cases of broker/freight forwarder financial failure or insolvency, 5) enforcement authority, 6) entities eligible to provide trust funds for form BMC-85 filings, 7) Form BMC-84 and BMC-85 trust fund revisions, and 8) household goods (HHG).

 
Agency: Department of Transportation(DOT)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 13771 Designation: Regulatory 
CFR Citation: 49 CFR 387   
Legal Authority: Pub. L. 112-141, sec. 32918, 126 Stat. 405, 822   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  09/27/2018  83 FR 48779   
ANPRM Comment Period End  11/26/2018 
NPRM  03/00/2021 
Additional Information: Regulatory: Annualized Cost; $0: Annualized Cost Savings; $0: FY2021
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: No  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 
Related RINs: Related to 2126-AB60, Related to 2126-AB74 
Agency Contact:
Kenneth Riddle
Office Director
Department of Transportation
Federal Motor Carrier Safety Administration
1200 New Jersey Avenue SE, W65-308,
Washington, DC 20590
Phone:202 366-9616
Email: kenneth.riddle@dot.gov