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FMCSA to consider small brokers’ security bond exemption request

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Apr 10, 2020 at 08:40 AM CST
Federal regulators have asked for public comment on a petition for a five-year exemption for small-business truck brokers from a $75,000 security bond requirement. The petition, filed with the Federal Motor Carrier Safety Administration (FMCSA) in September by the Small Business in Transportation Coalition (SBTC), is a resubmission of a 2013 bond exemption request by the Association of Independent Property Brokers and Agents, which merged with SBTC in 2016. The FMCSA denied the request in 2015.

Apr 10, 2020 at 08:40 AM CST

Federal regulators have asked for public comment on a petition for a five-year exemption for small-business truck brokers from a $75,000 security bond requirement. The petition, filed with the Federal Motor Carrier Safety Administration (FMCSA) in September by the Small Business in Transportation Coalition (SBTC), is a resubmission of a 2013 bond exemption request by the Association of Independent Property Brokers and Agents, which merged with SBTC in 2016. The FMCSA denied the request in 2015.