Proposed rule will save trucking industry $1.7 billion annually
In January 2011, President Obama outlined a plan to create a 21st-century regulatory system – one that protects public health and welfare while promoting economic growth, innovation, competitiveness, and job creation. Part of that plan was an unprecedented government-wide review of regulations already on the books. During my confirmation hearings, I pledged to accept the President's challenge and to make improving efficiency one of my top priorities.
And with today’s announcement from the Federal Motor Carrier Safety Administration, we are delivering on that pledge.
Today, we are proposing a rule that will dramatically eliminate a major burden and save trucking companies about $1.7 billion each year.