# 2024-31550: Agency Information Collection Activities; Revision of an Approved Information Collection: Financial Responsibility Motor Carriers, Freight Forwarders, and Brokers

2024-31550, Agency Information Collection Activities; Revision of an Approved Information Collection: Financial Responsibility Motor Carriers, Freight Forwarders, and Brokers, is a Federal Register notice from an unnamed agency published 2025-01-06, effective 2026-01-16 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2024-31550
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2024-31550
- Title: Agency Information Collection Activities; Revision of an Approved Information Collection: Financial Responsibility Motor Carriers, Freight Forwarders, and Brokers
- Type: Notice
- Agencies: unknown
- Citation: unknown
- Published: 2025-01-06
- Effective: 2026-01-16
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## Summary

The FMCSA is renewing a paperwork form that helps motor carriers, freight forwarders, and brokers prove they have the money to cover damages or losses. This update keeps the rules clear and ensures everyone stays financially responsible. If you’re in these businesses, you can comment on the changes until March 7, 2025, but no new fees or big changes are coming.

## Abstract

In accordance with the Paperwork Reduction Act of 1995, FMCSA announces its plan to submit the Information Collection Request (ICR) described below to the Office of Management and Budget (OMB) for its review and approval and invites public comment. FMCSA requests approval to renew an ICR titled, "Financial Responsibility Motor Carriers, Freight Forwarders, and Brokers." The purpose of this ICR is to provide registered motor carriers, property brokers, and freight forwarders a means of meeting financial responsibility filing requirements. This ICR sets forth the financial responsibility documentation requirements for motor carriers, freight forwarders, and brokers as a result of Agency jurisdictional statutes.

## Effects PRIA read

- Brokers/Forwarders Must Hold $75,000 Bond: cost, high. If you are a property broker or freight forwarder, you must have a $75,000 surety bond or trust fund agreement in effect before FMCSA will issue operating authority registration.
- Two Versions of Some BMC Forms: cost, low. FMCSA will use two versions of forms BMC-36, BMC-84, and BMC-85: one version for the six months before January 16, 2026, and a second version for the 2.5 years after January 16, 2026, because the Broker and Freight Forwarder Financial Responsibility Rule implementation was aligned to a single compl…
- Paperwork Time Burden and Aggregate Hours: cost, medium. FMCSA estimates 200,147 respondents and an estimated total annual burden of 49,722 hours. Specific burdens: Form BMC-40 averages 40 hours per response; forms BMC-34, BMC-35, BMC-82, BMC-83, BMC-91, BMC-91X, and BMC-32 average 10 minutes each; BMC-36, BMC-84, and BMC-85 average 10 minutes for the si…
- Option to Apply to Self-Insure (BMC-40): benefit, medium. If you are a motor carrier with a satisfactory safety rating, you may apply to FMCSA to self-insure bodily injury, property damage, and/or cargo liability instead of filing certificates of insurance; the application uses Form BMC-40 and the estimated average burden per response is 40 hours.

## Related documents

- [2026-20724](https://policyrisk.com/federal-register/2026-20724): Notice of Intent To Prepare a Supplemental Environmental Impact Statement for the Sentinel Deployment and Minuteman III Decommissioning and…, 2026-10-09
- [2026-20771](https://policyrisk.com/federal-register/2026-20771): Center for Scientific Review; Notice of Closed Meetings, 2026-10-09
- [2026-20708](https://policyrisk.com/federal-register/2026-20708): Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to IEX…, 2026-10-09
- [2026-20710](https://policyrisk.com/federal-register/2026-20710): Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to IEX…, 2026-10-09
- [2026-20779](https://policyrisk.com/federal-register/2026-20779): Passenger Vehicle and Light Truck Tires From Thailand: Preliminary Results and Rescission, in Part, of Antidumping Duty Administrative Revi…, 2026-10-09
- [2026-20763](https://policyrisk.com/federal-register/2026-20763): National Environmental Policy Act Implementing Procedures: Wintertime Oil and Gas Exploration in the National Petroleum Reserve in Alaska C…, 2026-10-09

## Sources
- [2024-31550 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/06/2024-31550/agency-information-collection-activities-revision-of-an-approved-information-collection-financial)
- [2024-31550 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-06/pdf/2024-31550.pdf)

## Related
- [Previous: 2024-31487, Uniform Procedures for State Highway Safety Grant Programs](https://policyrisk.com/federal-register/2024-31487)
- [Next: 2024-31554, Federal Secure Cloud Advisory Committee Request for Applications](https://policyrisk.com/federal-register/2024-31554)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2024-31550 (as of 2026-06-08).