ExecutiveOrdersEO
MemoMemorandumClinton · D

Presidential Memorandum

Memorandum for the Secretary of Transportation [and] the United States Trade Representative

TradeTradeEconomy & LaborEconomy & Labor

In simple terms

President Clinton extended for two years a moratorium on issuing operating certificates or permits to motor carriers from contiguous foreign countries (Canada and Mexico), maintaining a ban originally imposed under the 1982 Bus Regulatory Reform Act through September 19, 1996.

Federal Register Open PDF 60 FR 12393

Record & deadlines

  1. Signed

    Signed by the President

  2. FR published

    Published in the Federal Register · 60 FR 12393

    Federal Register PDF

  3. Moratorium expiration date

Market exposure

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

Sectors

AutosAgricultureOther industrial

Mechanisms

Ban / prohibition

Role pressure

  • AdverseImporter — Mexican and Canadian motor carriers blocked from obtaining US operating authority, limiting their market access
  • ProtectiveDomestic producer — US trucking companies shielded from direct competition from contiguous foreign carriers
  • MixedDownstream manufacturer — US manufacturers relying on cross-border freight face constrained carrier options and potentially higher costs

Geographies

USMXCA

Exposure dates

  • — Moratorium expiration date

Illustrative public companies

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

MMM3MAAPLAppleADMArcher Daniels MidlandBGBungeCATCaterpillarCTVACortevaFFordFCXFreeport-McMoRanGEVGE VernovaGMGeneral MotorsHONHoneywellHYMTFHyundai MotorSPYSPDR S&P 500 ETFSTLAStellantisTSLATeslaTMToyotaTSNTyson Foods

Confidence: high · Policy alerts

Key directives

  • Extend moratorium on certificates/permits for foreign-domiciled motor carriers for 2 years
  • Maintain status quo through September 19, 1996

Who is ordered

Prior policy

  • otherpredecessor moratoria under 49 U.S.C. 10922(l)(1) and (2)

What to expect

Immediate

  • Moratorium extension takes effect March 2, 1995

Near term (90d)

—

Long term

  • Moratorium expires September 19, 1996 unless earlier revoked or modified

Risks & tensions

  • Trade tension with contiguous neighbors (Canada, Mexico) over market access
  • NAFTA implementation context—cross-border trucking was contentious issue
  • Status quo preservation delays liberalization expected under trade agreements
Presidential Memorandum: Memorandum for the Secretary of Transportation [and] the United States Trade Representative · Executive Orders