The Federal Motor Carrier Safety Administration (FMCSA) officially announced it’s

Federal Motor Carrier Safety Administration
compliance deadline for increased broker bonds. The deadline is October 1, 2013. All brokers, and freight forwarders must be registered with the FMCSA by October 1, 2013 and broker bonds will be increased for the current $10,000 to $75,000.
In addition bond companies will be obligated to report to the FMCSA when bonds are canceled. The FMCSA will be mandated to immediately suspend the registration and post notice of this on their website.
This change came about in the MAP-21 highway bill passed last summer. The Association of Independent Property Brokers & Agents (AIPBA) is trying to have the increase repealed as they challenge the law.
MAP-21 Broker and Freight Forwarder Q&A
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