US HB2796 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Republican 25-1)
Status: Introduced on June 10 2009 - 25% progression, died in committee
Action: 2009-06-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Automobile Dealer Economic Rights Restoration Act of 2009 - Prohibits any automobile manufacturer (manufacturer) in which the federal government has a financial or ownership interest from depriving an automobile dealer (dealer) of its economic rights under a dealer agreement. Requires the manufacturer to assume (or assign to a successor) each agreement in existence before the commencement of a federal bankruptcy case by the manufacturer. Directs any such manufacturer, if a valid dealer agreement is not assumed or assigned, to require the new entity created in the bankruptcy case to enter into a new agreement, under the same terms.

Tracking Information

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Title

Automobile Dealer Economic Rights Restoration Act of 2009

Sponsors


History

DateChamberAction
2009-06-10 Referred to the House Committee on Financial Services.

Same As/Similar To

HB2743 (Related) 2009-06-09 - Sponsor introductory remarks on measure. (CR H6314-6315)
HB2750 (Related) 2009-06-08 - Referred to the House Committee on Financial Services.

Subjects


US Congress State Sources


Bill Comments

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