Motorcoach

House committee approves key legislation to stop fed insurance hike

Posted on May 15, 2015

The House Committee on Appropriations on May 13, 2015, approved significant legislation that would prevent for one year the Federal Motor Carrier Safety Administration (FMCSA) from spending any money to develop, issue, or implement any regulation that increases the level of minimum financial responsibility for motorcoach companies.

The Appropriations Committee vote tells FMCSA to stop spending money to write a rule or do research; that would raise the federal insurance minimums above the current $5 million figure.

“The passage of this bill is a big win for all motorcoach companies that, in many cases are owned and operated by second and third generation families. ABA and other members of this coalition told Congress there is no credible evidence to support claims by some that higher insurance minimums would make the industry any safer. ABA believes that any proposed increase in the insurance requirements must be done based on reliable scientific research and not on the whims of regulators,” said ABA President and CEO Peter J. Pantuso. “In addition, raising the insurance minimums would put still another financial burden on these companies, because of the higher cost to buy additional insurance. We salute the entire House Committee on Appropriations for this common sense vote, and we will be watching this closely as it moves through the full House, onto the Senate and the White House.”

While this victory is significant, the legislation must also be approved by the full House of Representatives and the Senate. ABA is encouraging its motorcoach members to reach out to their Members of Congress and U.S. Senators and let them know they support the Transportation/Housing and Urban Development Appropriation Bill, specifically Section 134.

Last year when FMCSA announced it would begin researching a possible increase in the insurance minimums, ABA’s Government Affairs and Policy team started working with organizations to form a coalition to take our industry’s case to Congress. ABA will continue that effort to protect the interests of the entire motorcoach industry, according to a statement.

View comments or post a comment on this story. (0 Comments)

More News

Greyhound driver saves passengers before fire engulfs bus

The bus fire caused a traffic jam on Oakland, California's eastbound I-580 and prompted the closure of the freeway.

ABA partners to bring Busworld Academy to 2020 Marketplace

This is the first time Busworld Academy will be offered in the U.S., in conjunction with another association’s existing program.

Vonlane adds new Fort Worth-to-Houston coach service

The new route features daily service and multiple weekday departures, seven days a week.

Bailey Trailways creates polio awareness with new Van Hool CX45

The disease remains endemic in three countries including Afghanistan, Nigeria, and Pakistan. Other countries remain at risk.

Do you know a super motorcoach operation? Nominate them now!

We are looking for operators who stand above and beyond both in their service area as well as the industry.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation