Report on Motor Carrier Financial Responsibility (FAST Act - Section 5517)
Goal:
To publish a report on the minimum levels of financial responsibility required under Section 31139 of Title 49, United States Code.
Background:
Section 5517 of the FAST Act requires the Secretary of Transportation to publish on a publicly accessible Internet Web site of the Department a report on the minimum levels of financial responsibility required under Section 31139 of Title 49, United States Code.
Summary:
This study was to report, to the extent practicable, an analysis of (1) the differences between State insurance requirements and Federal requirements; (2) the extent to which minimum levels of financial responsibility adequately covered (A) medical care; (B) compensation; and (C) other identifiable costs; and (3) the frequency with which insurance claims exceeded the minimum levels of financial responsibility.
Outcomes:
Final report.
Milestones:
January 2017: Publish report on publicly accessible U.S. Department of Transportation Web site.
Funding:
FY 2016: $0 (work conducted internally)
Current Status:
Complete. Report is published and available at: https://www.fmcsa.dot.gov/mission/policy/motor-carrier-financial-responsibility-report-congress.
Last updated: Thursday, May 30, 2024