Congress

The Federal Excise Tax (FET). Everyone in the trucking industry’s favorite thing to hate. Established during World War I and kept for over one hundred years thereafter, adds a 12% fee to new trucks that goes into Uncle Sam’s pocket. Numerous attempts have been made to suspend or remove it, and the latest one as of June 2026 is the Modern, Clean, and Safe Trucks Act.

Christmas is just around the corner at the time of writing this, and to that end Congress is hoping to get one last major Bill into law before taking a break. It is a $900 billion policy Bill for the Pentagon and other military spending. Having already passed the House, it now goes to the Senate. Should it pass, there is a lot of wordage in the Bill that will help commercial drivers who work with the federal government.

The Transportation Security Screening Modernization Act (TSSMA) is now in the congressional committee for the House of Representatives. Already it has received support from 150 different supply chain organizations to streamline business logistics in the American economy.DetailsNormally congressional bills are tens of thousands of words long, but not this Bill, at least in its current […]

Bills that are introduced into Congress often die, but the good news is that they can always be tried again and again, and only have to get through once. That is the case with the Modern, Clean and Safe Trucks Act of 2023, or H.R. 1440, which is the latest attempt to get a bill […]

With a different Congress now in session, the Protecting the Right to Organize (PRO) Act, essentially a national version of California’s AB-5 law, is attempting to make its way through the chambers of Congress to become a law.DetailsThis will mark the third iteration of the PRO Act that we have covered. The short version is […]

Are you familiar with the Safe Driver Apprenticeship Pilot (SDAP) program, which enables drivers aged 18 to 20 to haul freight across state lines? If so, you may be surprised (or not so surprised) to find out that it has been a failure.The program was capped at 3,000 drivers, but currently only has about ten. […]

We have talked at great lengths about the attempts of the government, both federal and state such as California, to make the commercial transportation industry cleaner. Sometimes it involves the ban of sale of specific engines while allowing their use, but other times it is banning use altogether. There is one method left that the […]

TopMark Funding’s home state of California has a state sales tax of 7.25%, the highest in the nation for consumers wanting to upgrade to the next highest size of flatscreen television. But even the highest standard sales tax rate pales in comparison to the Federal Excise Tax (FET), a 12% levy put in place to […]