Research Project

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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:

The report must include, to the extent practicable, an analysis of (1) the differences between State insurance requirements and Federal requirements; (2) the extent to which current minimum levels of financial responsibility adequately cover (A) medical care; (B) compensation; and (C) other identifiable costs; and (3) the frequency with which insurance claims exceed the current 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 being conducted internally)

Current Status:

Active—Work underway regarding State inventory.

Project Manager:

For more information, contact Martin Walker of the Research Division at (202) 385-2364 or martin.r.walker@dot.gov.
Updated: Thursday, January 5, 2017
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