Fair Compensation for Truck Crash Victims Act

This bill would raise the minimum amount of financial responsibility, such as insurance, that motor carriers transporting property must carry, from $750,000 to $5,000,000. It would require the Secretary of Transportation, working with the Bureau of Labor Statistics, to adjust this minimum every five years based on inflation in medical care costs. These changes would take effect one year after the bill becomes law. The bill also includes findings about the history of the current $750,000 level, which was set in 1980.

Full text and official record on Congress.gov

Sponsors

• Jesús G. "Chuy" García Democrat sponsor
• 5 cosponsors