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MemoMemorandumClinton · D

Presidential Memorandum

Determination Under the Bus Regulatory Reform Act of 1982

TradeTradeEconomy & LaborEconomy & Labor

In simple terms

This memorandum modifies a moratorium under the Bus Regulatory Reform Act of 1982 to allow Mexican-owned or -domiciled charter and tour bus companies to apply for operating authority for cross-border service between Mexico and the United States, effective January 1, 1994, as part of phased NAFTA implementation.

Federal Register 59 FR 653
No PDF available for this document.

Record & deadlines

  1. Signed

    Signed by the President

  2. FR published

    Published in the Federal Register · 59 FR 653

    Federal Register

  3. Moratorium modification takes effect; ICC begins accepting applications

  4. 60-day advance notice to Congress given

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Other industrial

Mechanisms

Licensing

Role pressure

  • ProtectiveImporter — Mexican charter/tour bus firms gain limited market access to U.S. cross-border service
  • MixedDomestic producer — U.S. bus operators face new competition in charter/tour cross-border segment but retain protection in regular route and domestic point-to-point markets

Geographies

USMX

Exposure dates

  • — Moratorium modification takes effect; ICC begins accepting applications

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MAAPLAppleCATCaterpillarFCXFreeport-McMoRanGEVGE VernovaHONHoneywellSPYSPDR S&P 500 ETF

Confidence: high · Policy alerts

Key directives

  • Modify moratorium to authorize ICC to grant Mexican motor carriers authority for charter/tour bus operations in foreign commerce between Mexico and U.S.
  • ICC to accept and process applications expeditiously from Mexican-owned, controlled, or domiciled charter and tour bus firms effective January 1, 1994

Who is ordered

What to expect

Immediate

  • Moratorium modification takes effect January 1, 1994
  • ICC begins accepting applications from Mexican charter/tour bus firms

Near term (90d)

  • ICC processing of pending applications begins

Long term

  • Phased further liberalization of bus services under NAFTA schedule anticipated

Risks & tensions

  • Limited scope—excludes regular route service and U.S. point-to-point operations, creating competitive asymmetry
  • Phased approach may create uncertainty for investment planning
  • Labor concerns from U.S. bus operators about wage competition not addressed in text
Presidential Memorandum: Determination Under the Bus Regulatory Reform Act of 1982 · Executive Orders