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FMC Takes a Fresh Look at Passenger Vessel Financial Responsibility

September 15, 2009

NR 09-15

CONTACT: Karen V. Gregory, Secretary (202) 523-5725

At its meeting today, the Federal Maritime Commission voted unanimously to discontinue a pending rulemaking, Docket No. 02-15: Passenger Vessel Financial Responsibility, noting significant changes in the industry and the economy, as well as concerns for reliance by the Commission upon an outdated record in this proceeding, first commenced in 2002. Following action taken during the open session, Chairman Richard A. Lidinsky, Jr. directed staff to continue research and review of methods to assess adequacy of financial responsibility for passenger vessel operators, and to report back to the Commission within 60 days. The staff review will include a more in-depth review of current industry conditions and present options to the Commission for its further consideration, to include a possible public hearing.

Press Contact: Karen V. Gregory (202) 523-5725; e-mail: secretary@fmc.gov