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Senate Bill * USA - Targets Broker Fraud
Independent truckers, brokerage industry back bill raising bond requirement
Washington,DC,USA -The Journal of Commerce Online, by Thomas Gallagher -Jun 16, 2010: -- A bipartisan Senate bill aimed at defending businesses from fraudulent freight brokering schemes is being backed by independent truckers and freight brokers... The Motor Carrier Protection Act of 2010 would help the Department of Transportation crack down on fraud affecting both groups, industry officials said... The law would prevent “bad brokers” from not paying truckers, said Todd Spencer, executive vice president of the Owner-Operator Independent Drivers Association... It would also prevent carriers from brokering freight without the proper authority, said Robert Voltmann, president and CEO of the Transportation Intermediaries Association... Significantly, the bill would raise the federally mandated broker bond from $10,000 to $100,000 and establish significant penalties for violations of broker regulations... (Image from ohmyapt)
Labels: frauds, truck broker frauds
posted by Unknown @ 7:15 PM
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