The American Trucking Associations, Alexandria, Va., has sent a letter to the Federal Motor Carrier Safety Administration urging it to publish an Advanced Notice of Proposed Rulemaking
on broker financial responsibility requirements as soon as possible. The FMCSA confirmed to Truckinginfo.com in February that it planned to issue such a notice as a step toward possibly raising broker bonds from $10,000 to $300,000 and possibly as much as $500,000. The agency did not provide a timetable for the rulemaking.
In its letter to the FMCSA, the ATA said it had requested that broker financial requirements be raised, but was turned down by the former Interstate Commerce Commission. The Owner Operator Independent Drivers Assn. said it asked for similar action earlier this year.


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