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HR 2687 117th Congress House Transportation and Public Works Insurance industry and regulation Life, casualty, property insurance Motor carriers Motor vehicles

INSURANCE Act of 2021

Introduced: April 20, 2021 Introduced by: García, Jesús G. "Chuy" Democratic · Illinois See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2021
Referred to the Subcommittee on Highways and Transit.
Apr 20, 2021
Referred to the House Committee on Transportation and Infrastructure.
Apr 20, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Improving National Safety by Updating the Required Amount of Insurance Needed by Commercial Motor Vehicles per Event Act of 2021 or the INSURANCE Act of 2021

This bill increases the minimum level of insurance required for motor carriers transporting property.

The Department of Transportation must adjust the minimum insurance requirement every five years to account for inflation relating to medical care.

What's happening now April 21, 2021

Referred to the Subcommittee on Highways and Transit.

 Committees of jurisdiction 2