Minimum Financial Responsibility to Remain Same
Minimum Financial Responsibility.pdf
On June 5, 2017 (82 FR 25753) the Federal Motor Carrier Safety Administration (FMCSA) withdrew its November 28, 2014 advance notice of proposed rulemaking (ANPRM) concerning financial responsibility for motor carriers, freight forwarders, and brokers. FMCSA is authorized to establish minimum levels of financial responsibility for motor carriers at or above the minimum levels set by Congress. In the ANPRM, FMCSA sought public comment on whether to exercise its discretion to increase the minimum levels of financial responsibility, and, if so, to what levels. After reviewing all public comments to the ANPRM, FMCSA has determined that it has insufficient data or information to support moving forward with a rulemaking proposal, at this time. As of June 5, 2017, the proposed published on November 28, 2014 at 79 FR 70839 is withdrawn.