Provisions Relating to Minimum Levels of Financial Responsibility in MAP-21

H.R. 7, The American Energy and

Infrastructure Jobs Act of 2012:

As passed by the House Committee on

Transportation and Infrastructure
No Provision

MAP-21:
As passed by the Senate
SEC. 32104. FINANCIAL RESPONSIBILITY
REQUIREMENTS.
(a) REPORT.Not later than 6 months after the date of
enactment of this Act, the Secretary shall
(1) issue a report on the appropriateness of
(A) the current minimum financial responsibility
requirements under sections 31138 and 31139 of title 49,
United States Code; and
(B) the current bond and insurance requirements under
section 13904(f) of title 49, United States Code; and (2)
submit the report issued under paragraph
(1) to the Committee on Commerce, Science, and
Transportation of the Senate and the Committee on
Transportation and Infrastructure of the House of
Representatives.
(b) RULEMAKING.Not later than 6 months after
the publication of the report under subsection (a), the
Secretary shall initiate a rulemaking
16 (1) to revise the minimum financial responsibility
requirements under sections 31138 and 31139
of title 49, United States Code and
(2) to revise the bond and insurance requirements under
section 13904(f) of such title, as appropriate, based on the
findings of the report submitted under subsection (a).
(c) DEADLINE.Not later than 1 year after the start
24 of the rulemaking under subsection (b), the Secretary
25 shall
(1) issue a final rule; or
(2) if the Secretary determines that a rule making is not
required following the Secretarys analysis, submit a report
stating the reason for not increasing the minimum financial
responsibility requirements to the Committee on
Commerce, Science, and Transportation of the Senate and
the Committee on Transportation and Infrastructure of the
House of Representatives.
(d) BIENNIAL REVIEWS.Not less than once every
2 years, the Secretary shall review the requirements
prescribed under subsection (b) and revise the
requirements, as appropriate.

MAP-21:
As signed into law by the President
SEC. 32104. FINANCIAL RESPONSIBILITY
REQUIREMENTS.
Not later than 6 months after the date of enactment
of this Act, and every 4 years thereafter, the
Secretary shall
(1) issue a report on the appropriateness of
(A) the current minimum financial responsibility
requirements under sections 31138 and 31139 of
title 49, United States Code; and
(B) the current bond and insurance requirements
under sections 13904(f), 13903, and 13906 of title
49, United States Code; and
(2) submit the report issued under paragraph (1) to
the Committee on Commerce, Science, and
Transportation of the Senate and the Committee on
Transportation and Infrastructure of the House of
Representatives.