May 24, 2013
The U.S. Department of Transportation’s (DOT) Federal Motor Carrier Safety Administration (FMCSA) has proposed a new rule that would eliminate a quarterly financial data reporting requirement for some interstate motor carriers. The financial data reporting
program originated in 1938 under the authority of the Interstate Commerce Commission (ICC). With the disbandment of the ICC in 1996, the program was transferred to DOT and later FMCSA. The financial information collected does not support any of FMCSA’s regulatory functions, and eliminating the requirement will have no impact on motor carrier safety.
To read more about this, follow the link: http://www.gpo.gov/fdsys/pkg/FR-2013-05-24/pdf/2013-12339.pdf