Funding for Truck Parking
IAM joined the ATA and other leading organizations in a letter to House Transportation and Infrastructure Chairman Peter DeFazio, asking the Committee consider providing an additional $505 million for trucking parking projects, as part of the INVEST In America Act.
The current Committee authorization level is $250 million, however, the multi-year authorization requires sufficiently more long term funding for this key safety issue.
In addition to the core bill, amendments will also be considered by the Committee that would impact the household goods moving industry. One amendment, offered for consideration, would raise the floor insurance minimum for motor carriers from $750,000 to $2,000,000. The FMCSA spent considerable time reviewing insurance minimums a few years ago, and came to the conclusion that $750,000 was sufficient for a motor carrier’s coverage needs.
While the current highway reauthorization (the FAST Act) expires on October 1st, it is likely to receive extensions through the end of the first quarter of 2021, after the new Congress is sworn in, and has had a chance to consider legislation.