Motor Carrier Ratemaking Reform Act of 1979 - Stipulates that the antitrust laws shall not apply to pipeline or water carriers that are parties to a rate agreement approved by the Interstate Commerce Commission.
Applies antitrust laws, relating to unlawful restraints and monopolies, to parties to a rate agreement where one of the parties to such an agreement is a motor carrier or freight forwarder.
Declares to be reasonable a rate decrease or increase proposed by a motor carrier or freight forwarder which is no greater than seven percent above, or 20 percent below, the rate in effect on January 1, 1979.
Introduced in Senate
Referred to Senate Committee on Commerce, Science, and Transportation.
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