Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Private Motor Carrier Equity Act''.

SEC. 2. COMPENSATED INTERCORPORATE TRANSPORTATION.

Section 10524 of title 49, United States Code, is amended by adding
at the end the following new subsection:
''(d) Preemption With Respect to Compensated Intercorporate
Transportation.--No State or political subdivision thereof, and no
agency or organization of 2 or more States, shall enact or enforce any
law, rule, regulation, standard, or other provision having the force
and effect of law relating to interstate or intrastate rates, routes,
or services of any carrier that operates in interstate commerce
pursuant to Commission regulations promulgated with respect to
subsections (a) through (c) of this section.''.

SEC. 3. SINGLE SOURCE LEASING OF MOTOR VEHICLES AND DRIVERS TO
SHIPPERS.

Section 10524 of title 49, United States Code, is further amended
by adding at the end the following new subsection:
''(e) Preemption With Respect to Single Source Leasing.--No State
or political subdivision thereof, and no agency or organization of 2 or
more States, shall enact or enforce any law, rule, regulation,
standard, or other provision having the force and effect of law
relating to interstate or intrastate rates, routes, or services
involving transportation by a motor vehicle and driver leased from a
single source by a lessee that operates as a motor private carrier in
interstate commerce when--
''(1) the motor vehicle is exclusively committed to the
lessee's use for the term of the lease;
''(2) the lessee has exclusive dominion and control over
the transportation service conducted by it during the term of
the lease;
''(3) the lessee maintains public liability and property
damage insurance or otherwise accepts responsibility to the
public for any injury or damage caused in the course of
performing the transportation service during the term of the
lease;
''(4) the lessee accepts responsibility for, and bears the
cost of, compliance with all applicable safety regulations; and
''(5) the lessee bears the risk of damage to the cargo.''.

SEC. 4. TRIP LEASING OF MOTOR VEHICLES AND DRIVERS FROM MOTOR PRIVATE
CARRIERS.

Section 10524 of title 49, United States Code, is further amended
by adding at the end the following new subsection:
''(f) Preemption With Respect to Leasing From Motor Private
Carriers.--No State or political subdivision thereof, and no agency or
organization of 2 or mores States, shall enact or enforce any law,
rule, regulation, standard, or other provision having the force and
effect of law relating to the leasing of motor vehicles (with or
without drivers) from a motor private carrier that operates in
interstate commerce to the extent that such law, rule, regulation,
standard, or other provision is in addition to or more stringent than
the requirements for such lease transactions as established by the
Commission.''.

SEC. 5. MOTOR PRIVATE CARRIERS SEEKING OPERATING AUTHORITY.

Section 10524 of title 49, United States Code, is further amended
by adding at the end the following new subsection:
''(g) Preemption With Respect to Motor Private Carriers Seeking
Operating Authority.--No State or political subdivision thereof, and no
agency or organization of 2 or more States, shall enact or enforce any
law, rule, regulation, standard, or other provision having the force
and effect of law that subjects a motor private carrier that operates
in interstate commerce and that seeks to obtain a motor common carrier
certificate or a motor contract carrier permit to provide intrastate
transportation of property to requirements or criteria that are not
applied to a transportation business seeking the same type of authority
to operate as a motor common or motor contract carrier.''.

SEC. 6. DEDICATED CONTRACT CARRIAGE.

(a) In General.--Subchapter II of chapter 105 of title 49, United
States Code, is amended by inserting after section 10525 the following
new section:
''Sec. 10525a. Dedicated contract carriage
''(a) Dedicated Contract Carrier Defined.--For purposes of this
section, 'dedicated contract carrier' means a motor contract carrier
that provides in interstate commerce a service for one or more
shippers, except an individual shipping household goods containing the
following elements:
''(1) Assigning motor vehicles for a continuing period of
time for the exclusive use of a contracting shipper.
''(2) Assigning personnel to perform driving, loading
unloading and related services for the exclusive use of a
contracting shipper.
''(3) Assigning management personnel, with offices at the
contracting shipper's facility, to provide operations and
safety management services for the exclusive use of the
contracting shipper.
''(b) Preemption.--No State or political subdivision thereof, and
no agency or organization of 2 or more States, shall enact or enforce
any law, rule, regulation, standard, or other provision having the
force and effect of law relating to the interstate or intrastate rates,
routes, or services of any dedicated contract carrier having authority
under this subchapter.
''(c) Limitation.--Nothing in subsection (b) of this section shall
prohibit a State or political subdivision thereof, or agency or
organization of 2 or more States, from enacting or enforcing
requirements on dedicated contract carriers related to the safety of
operations and minimum amounts of financial responsibility.''.
(b) Conforming Amendment.--The analysis for such chapter 105 is
amended by inserting after the item relating to section 10525 the
following new item:

''10525a. Dedicated contract carriage.''.
Output:
Private Motor Carrier Equity Act - Prohibits a State, political subdivision, or agency or organization of two or more States (entities) from enacting or enforcing any law, rule, regulation, or standard relating to interstate or intrastate rates, routes, or services: (1) of a corporate compensated carrier operating under the jurisdiction of the Interstate Commerce Commission (ICC); (2) involving transportation by a motor vehicle and driver leased by a lessee from a single source when the lessee is a motor private carrier in interstate commerce and certain conditions exist; and (3) of any transportation of property provided by motor vehicles leased, with or without drivers, from a motor private carrier, (operating in interstate commerce), to the extent that such law, rule, regulation, or standard is in addition to, or more stringent than, the requirements for such operations established by the ICC.
Prohibits such entities from enacting or enforcing any law, rule, regulation, or standard that subjects to certain requirements a private motor carrier (operating in interstate commerce) that seeks to obtain a motor common carrier certificate or a motor contract carrier permit to provide intrastate transportation of property, if such requirements are not applied to a transportation business seeking the same authority to operate as a motor common or motor contract carrier.
Prohibits such entities from enacting or enforcing requirements on dedicated contract carriers related to the safety of operations and minimum amounts of financial responsibility.