U.S. House Expected to Pass Bill That Would Impose Huge Insurance Hike on Truckers
Washington D.C. – The U.S. House of Representatives will vote next week on a surface reauthorization bill that would impose a huge insurance hike on trucking companies.
The five-year $547 billion INVEST in America Act is filled with highly contentious measures which would have deep impacts on the trucking industry.
Perhaps none more so than a provision which would increase the minimum amount of insurance required for commercial motor vehicles (CMV) from $750,000 to $2 million, and directs this amount to be adjusted for inflation by the Federal Motor Carrier Safety Administration (FMCSA) every five years.
Further, the Act would:
• Place restrictive limits on personal conveyance;
• Return Compliance, Safety, Accountability (CSA) program scores to public view (after a methodology review);
• Grant new authority for congestion pricing;
• Allow data from electronic logging devices to be used by the FMCSA for transportation research;
• Pave the way for a side underride guard mandate;
• Require the United States Department of Transportation (USDOT) to establish new performance measures for greenhouse gas emissions; and
• Require newly manufactured CMVs to be equipped with a universal electronic identifier that identifies the vehicle to roadside inspectors for enforcement purposes.
read more here: https://www.transportationnation.com/u-s-house-expected-to-pass-bill-that-would-impose-huge-insurance-hike-on-truckers/