APPROVAL OF AGREEMENTS.

SEC. 227. APPROVAL OF AGREEMENTS. (a) Review.— Section 13703(c) of title 49, United States Code, is amended— (1) by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively; (2) by striking “The Board” and inserting the following: “(1) In general.— The Board”; (3) by adding at the end the following: “(2) Periodic review of approvals.— Subject to this section, in the 5-year period beginning on the date of the enactment of this paragraph and in each 5-year period thereafter, the Board shall initiate a proceeding to review any agreement approved pursuant to this section. Any such agreement shall be continued unless the Board determines otherwise.”; and (4) by moving the remainder of the text of paragraph (1) (as designated by paragraph (2) of this subsection), including subparagraphs (A) through (D) (as designated by paragraph (1) of this subsection), 2 ems to the right. (b) Limitation.— Section 13703(d) of such title is amended to read as follows: “(d) Limitation.— The Board shall not take any action that would permit the establishment of nationwide collective ratemaking authority.”. (c) Existing Agreements.— Section 13703(e) of such title is amended— (1) by striking “Agreements” and inserting the following: “(1) Agreements existing as of December 31, 1995.— Agreements”; (2) by adding at the end the following: “(2) Cases pending as of date of the enactment.— Nothing in section 227 (other than subsection (b)) of the Motor113 STAT. 1773 Carrier Safety Improvement Act of 1999, including the amendments made by such section, shall be construed to affect any case brought under this section that is pending before the Board as of the date of the enactment of this paragraph.”; and (3) by aligning the left margin of paragraph (1) (as designated by paragraph (1) of this subsection) with paragraph (2) (as added by paragraph (2) of this subsection).