A freshman congressman from Pennsylvania made headlines last year after introducing legislation calling for the insurance minimums for the commercial motor vehicle industry to be increased by close to 500 percent.
Rep. Matt Cartwright's (D-PA) bill called for the $750,000 mandatory insurance minimum for motor carriers, originally set back in 1980, to be raised to $4,422,000. Here, he argued that such a drastic rate hike was necessary to ensure that truck accident victims secure the compensation they need to recover, and keep the roads and highways here in the U.S. safe for all motorists.
The bill ultimately did not gain any legislative traction, failing to make it to committee.
In recent developments, a recently released report from the Federal Motor Carrier Safety Administration indicates that the agency shares Rep. Cartwright's views concerning the adequacy of insurance minimums in the trucking industry, although likely not on such a grand scale.