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A few weeks ago U.S. Senators Olympia Snowe (R-ME) and Amy Klobuchar (D-MN) introduced S. 3483 – the “Motor Carrier Protection Act of 2010.” The bill is now awaiting action from the Senate Commerce, Science and Transportation committee. To get the committee to act on S.3483 a large portion of the Senators serving on that committee must show their support for the bill. One of your Senators, Senator MARK WARNER, serves on the Commerce committee. Please contact his office to ask that Senator Warner commits to supporting the bill by signing on as a cosponsor of S.3483
The telephone number for Senator Warner’s Capitol Hill office is (202) 224-2023.
OOIDA worked closely with the Senators to develop S.3483. We believe that if passed the legislation will go a long ways towards clearing bad brokers out of the trucking industry and ensuring that truckers have significantly better footing when dealing and negotiating with brokers and other transportation intermediaries.
Click here to view S.3483.
In short the legislation:
· Increases the broker bond from $10,000 to $100,000 and expands that bond requirement to freight forwarders. A broker does not have to have $100,000 in cash to get the bond, but they do need to make an investment to ensure that they have the appropriate level of coverage to protect the people they are doing business with.
· Establishes new reporting requirements for brokers, bonding companies and FMCSA to ensure that truckers can access up-to-date and accurate information about brokers before agreeing to take one of their loads.
· Increases requirements and disclosures for anyone seeking to obtain broker or freight forwarder authority as well as makes information about entities seeking operating authority available on-line for public review – bad actors won’t be able to stiff truckers, close up shop and then start up again under a different name.
· Establishes significant penalties for violations of broker regulations including unlimited liability for freight charges for conducting brokerage activities without a license or bond.
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The Owner Operators Coalition of Virginia is a non-profit organization comprised of small business truckers & OOIDA members that operate primarily throughout the Port of Virginia, CSX, and Norfolk Southern rail-yards based in Hampton Roads. |
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