FINANCIAL RESPONSIBILITY FOR PRIVATE MOTOR CARRIERS.

SEC. 4120. FINANCIAL RESPONSIBILITY FOR PRIVATE MOTOR CARRIERS.(a) Transportation of Passengers.—(1) General requirement.—Section 31138(a) of title 49, United States Code, is amended—(A) by striking “for compensation”; and(B) by inserting “commercial” before “motor vehicle”.(2) Other persons.—Section 31138(c) of such title is amended by adding at the end the following:“(4) Other persons.—The Secretary may require a person, other than a motor carrier (as defined in section 13102), transporting passengers by commercial motor vehicle to file with the Secretary the evidence of financial responsibility specified in subsection (c)(1) in an amount not less than the greater of the amount required by subsection (b)(1) or the amount required for such person to transport passengers under the laws of the State or States in which the person is operating; except that the amount of the financial responsibility must be sufficient to pay not more than the amount of the financial responsibility for each final judgment against the person for bodily injury to, or death of, an individual resulting from the negligent operation, maintenance, or use of the commercial motor vehicle, or for loss or damage to property, or both.”.(b) Transportation of Property.—Section 31139 of such title is amended—(1) in subsection (b)(1)—(A) by striking “for compensation”; and(B) by inserting “commercial” before “motor vehicle”;(2) by redesignating subsections (c) through (g) as subsections (d) through (h), respectively; and(3) by inserting after subsection (b) the following:“(c) Filing of Evidence of Financial Responsibility.—The Secretary may require a motor private carrier (as defined in section 13102) to file with the Secretary the evidence of financial responsibility specified in subsection (b) in an amount not less than the greater of the minimum amount required by this section or the amount required for such motor private carrier to transport property under the laws of the State or States in which the motor private 119 STAT. 1734 carrier is operating; except that the amount of the financial responsibility must be sufficient to pay not more than the amount of the financial responsibility for each final judgment against the motor private carrier for bodily injury to, or death of, an individual resulting from negligent operation, maintenance, or use of the commercial motor vehicle, or for loss or damage to property, or both.”.