A bill to amend the Interstate Commerce Act by adding thereto provisions authorizing the Interstate Commerce Commission, in its discretion and under such rules and regulations as it shall from time to time prescribe, to establish minimum requirements with respect to security for the protection of the public for loss of or damage to property transported by carriers subject to parts I and III of the act.
Regulated Carriers Minimum Insurance Requirements Act - Authorizes the Interstate Commerce Commission to prescribe reasonable rules and regulations governing the filing of surety bonds, policies of insurance, qualifications as a self-insurer, or other securities or agreements, in such reasonable amount as the Commission may require, to be conditioned to pay for loss of or damage to property with respect to which a transportation service subject to the Interstate Commerce Act is performed.
Referred to Senate Committee on Commerce.
Referred to House Committee on Interstate and Foreign Commerce.
Introduced in Senate
Referred to Senate Committee on Commerce.
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