Please Repeal Repeal Repeal Freight Broker Bond Increase and Save Small Family Operations.
We The People Need Your Help To Save Already Struggling Brokers. Please Repeal Repeal Repeal Repeal
Nearly 10 percent of the nation's freight brokers no longer have their licenses following new federal regulations that required a higher bonding.
Under provisions of a federal highway funding reauthorization bill enacted in 2013, the surety bond for freight brokers was increased to $75,000, up from the $10,000 that it had been since the 1970s.
Estimates of the number of broker license revocations range from 2,000 to approximately 3,800; one surety bond company said that as many as half of U.S. freight brokers may still not be compliant with the higher bond amount. The total number of freight broker