Under current regulations, a broker of motor carrier transportation is required to post a $10,000 security, either in the form of a bond or a letter of credit.  Those regulations have not been revisited for decades.  Today, brokers arrange transportation for numerous shippers resulting in freight charges from numerous carriers.  All too often, if the broker shuts its doors or goes out of business, carriers are left unable to recover from the broker’s security the full amount of charges for the carrier’s transportation service.  In 2005, FMCSA announced that it would initiate rulemaking to look at whether the current broker financial responsibility levels are appropriate.  However, now three years later, no such rulemaking has been initiated.