There is currently a bill in the United States Senate that many in our industry are following closely:
This has the potential to significantly affect Brokers. One of the widely discussed components is the requirement to increase the Broker’s bond from $10,000 to $100,000. The bill has been assigned to the U.S. Senate Committee on Commerce, Science and Transportation. As of October 2010 the bill has not had a hearing in committee.
Check the current status of the billF.M.C.S.A. Filer No. 25998 | Producer License No. 332911 | No. RRL 7588