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49 U.S.C. § 13906

Security of motor carriers, motor private carriers, brokers, and freight forwarders

United States · Title 49 — TRANSPORTATION · Status: effective

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49 U.S.C. § 13906, Security of motor carriers, motor private carriers, brokers, and freight forwarders, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/490244
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Full text

A surety bond, trust fund, or other financial security obtained under paragraph (1) shall be available to pay any claim against a broker arising from its failure to pay freight charges under its contracts, agreements, or arrangements for transportation subject to jurisdiction under chapter 135 if— If a surety provider receives notice of a claim described in subparagraph (A), the surety provider shall— If a financial security required under this subsection is canceled— If a broker registered under this chapter experiences financial failure or insolvency, the surety provider of the broker shall— pay, not later than 30 days after the expiration of the 60-day period for submission of claims— A surety bond, trust fund, or other financial security obtained under paragraph (1) shall be available to pay any claim against a freight forwarder arising from its failure to pay freight charges under its contracts, agreements, or arrangements for transportation subject to jurisdiction under chapter 135 if— the claim— If a surety provider receives notice of a claim described in subparagraph (A), the surety provider shall— If a financial security required under this subsection is canceled— If a freight forwarder registered under this chapter experiences financial failure or insolvency, the surety provider of the freight forwarder shall— pay, not later than 30 days after the expiration of the 60-day period for submission of claims—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.