Fair Compensation for Truck Crash Victims Act
HR 6884, the Fair Compensation for Truck Crash Victims Act, increases the minimum insurance requirement for trucking companies transporting property from $750,000 to $5,000,000. It directly affects motor carriers (truck companies) by raising their financial responsibility threshold and ensures crash victims receive higher compensation. The bill mandates that the minimum insurance level be adjusted every five years for medical cost inflation using data from the Bureau of Labor Statistics. This change updates the 1980 standard to reflect current economic conditions, with the new requirement taking effect one year after the bill's enactment.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2023
Committee Review
Floor Vote
President
Introduced Dec 22, 2023
Last action Jan 19, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Jan 19, 2024
Committee
Referred to the Subcommittee on Highways and Transit.
lower
Dec 22, 2023
Committee
Referred to the House Committee on Transportation and Infrastructure.
lower
Dec 22, 2023
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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