HR 2750
111th Congress
House
Finance and Financial Sector
Bankruptcy
Contracts and agency
Manufacturing
Motor vehicles
Retail and wholesale trades
Automobile Dealer Economic Rights Restoration Act of 2009
Introduced: June 8, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 2009
Introduced in House
Jun 8, 2009
Referred to the House Committee on Financial Services.
Plain-English summary
Automobile Dealer Economic Rights Restoration Act of 2009 - Prohibits any automobile manufacturer in which the federal government has an economic interest from depriving an automobile dealer of its economic rights as they existed prior to the commencement of a bankruptcy case by the manufacturer, including the dealer's rights to recourse under state law.
Requires such manufacturers to restore the franchise agreements with dealers that were in effect prior to the bankruptcy case.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1