Bill > HR5423

This bill aims to prevent predatory truck leasing practices by requiring the Secretary of Transportation to create regulations within one year that prohibit "predatory commercial motor vehicle lease-purchase agreement programs" for transportation carriers. These predatory programs are defined as arrangements where motor carriers essentially control a truck driver's work, compensation, and debt in a way that prevents the driver from building equity in their truck or forces them to surrender any equity they've accumulated. The bill mandates that the Secretary establish a process allowing drivers to seek relief from lease-purchase agreements that violate the new regulations, specifically for agreements entered into after the regulations take effect. A lease-purchase agreement is specifically defined as a financial contract where a driver leases a commercial truck from a motor carrier (or an affiliated company) while simultaneously driving for that same carrier. The key goal is to protect truck drivers from exploitative leasing arrangements that can trap them in cycles of debt and prevent them from truly owning the vehicles they work to pay off.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/5423/all-info