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House rejects bill to guarantee profit margins for intrastate motor carriers
Summary
Lawmakers debated House Bill 138, a measure sponsors said would stabilize intrastate motor carriers by establishing a 7% profit standard and rate-making framework; opponents called it a return to regulation and legalizing price-fixing. The bill failed, 29-41.
House lawmakers voted down House Bill 138 on Feb. 5, 1991, after an hour of debate over whether the measure would protect a struggling motor-carrier industry or amount to a return to price regulation.
Sponsor Representative Greensides said the bill responds to an industry in distress and told colleagues the Public Service Commission provided figures showing ‘‘23% of the…
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