What does Preamble of Fair Compensation for Truck Crash Victims Act do?

This bill, formally titled 'To increase the minimum levels of financial responsibility for transporting property, and to index future increases to changes in inflation relating to medical care,' aims to adjust financial responsibility requirements for property transportation. The bill proposes indexing future increases to inflation related to medical care.

What does SHORT TITLE. of Fair Compensation for Truck Crash Victims Act do?

This bill is formally titled the Fair Compensation for Truck Crash Victims Act.

What does FINDINGS. of Fair Compensation for Truck Crash Victims Act do?

This section outlines findings related to minimum insurance levels for motor carriers. Congress intended the Motor Carrier Act of 1980 to maintain safety through minimum insurance levels. The National Transportation Policy Study Commission recommended mandatory minimum insurance requirements of $1,000,000 to protect the public. The purchasing power of the $750,000 minimum set in 1980 is equivalent to approximately $5,193,665.62 in 2020, considering medical-cost inflation. The purchasing power of the $750,000 minimum set in 1980 is equivalent to approximately $5,811,083 in 2025, considering medical-cost inflation.

What does MINIMUM FINANCIAL RESPONSIBILITY FOR TRANSPORTING PROPERTY. of Fair Compensation for Truck Crash Victims Act do?

This section amends Section 31139(b) of Title 49, United States Code. It increases the minimum level of financial responsibility from $750,000 to $5,000,000. The Secretary, in consultation with the Bureau of Labor Statistics, will adjust the minimum financial responsibility level every five years for inflation relating to medical care. These amendments will take effect one year after the date of enactment of this Act.

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Fair Compensation for Truck Crash Victims Act

Last updated: 4/9/2026 · Introduced: 4/9/2026

Author: Jesús García (D-IL)

TL;DR (AI)

This bill raises the minimum financial responsibility requirement for property transportation from $750,000 to $5,000,000.
The bill mandates that the minimum financial responsibility level be adjusted every five years to account for inflation in medical care.
These changes will become effective one year after the bill's enactment.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

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