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DOT/FMCSA RIN: 2126-AC10 Publication ID: Fall 2023 
Title: Broker and Freight Forwarder Financial Responsibility 

FMCSA implements certain requirements under the Moving Ahead for Progress in the 21st Century Act (MAP21). Previously, FMCSA implemented the MAP21 requirement to increase the financial security amount for brokers from $25,000 to $75,000 for household brokers and from $10,000 to $75,000 for all other property brokers and, for the first time, established financial security requirements for freight forwarders. The agency implements regulations in five separate areas: Assets readily available; immediate suspension of broker/freight forwarder operating authority; surety or trust responsibilities in cases of broker/ freight forwarder financial failure or insolvency; enforcement authority; and entities eligible to provide trust funds for form BMC85 trust fund filings.

Agency: Department of Transportation(DOT)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 49 CFR 387   
Legal Authority: Pub. L. 112-141, sec. 32918, 126 Stat. 405, 822   
Legal Deadline:
Action Source Description Date
Final  Statutory  Not later than 1 year after the date of enactment of this Act, the Secretary shall issue regulations to implement and enforce the requirements under subsections (b) and (c) of section 13906 of title 4  10/01/2013 
Action Date FR Cite
ANPRM  09/27/2018  83 FR 48779   
ANPRM Comment Period End  11/26/2018 
NPRM  01/05/2023  88 FR 830   
NPRM Comment Period End  04/06/2023 
Final Rule  03/00/2024 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Information URL:   Public Comment URL:  
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