US Congress Senate Bill 1253 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on June 11 2009 - 25% progression, died in chamber
Action: 2009-06-11 - Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S6560)
Text: Latest bill text (Introduced) [PDF]

Automobile Dealers Assistance Act of 2009 - Conditions the provision of federal funds to automobile manufacturers or distributors in connection with a bankruptcy proceeding on their use of such funds to fully reimburse their dealers for certain costs the dealers incurred over the nine months preceding the commencement of such bankruptcy. Counts as reimbursable costs over that period: (1) the costs of acquiring all parts and inventory in the dealer's possession on the same basis as if the dealer were terminating pursuant to an existing franchise or dealer agreement; and (2) all other obligations owed by the automobile manufacturer or its distributor pursuant to an agreement with the dealer. Requires such dealer reimbursement terms to be included in the wording of agreements between such manufacturers or their distributors and the federal government, and in the terms of credit agreements approved by bankruptcy courts. Prohibits the rejection of franchise or dealer agreements by automobile manufacturers or their distributors that are debtors in a bankruptcy proceeding from becoming effective until at least 180 days after approval by a bankruptcy court.

Automobile Dealers Assistance Act of 2009

Sen. Sam Brownback [R-KS]	Sen. Richard Burr [R-NC]	Sen. Thad Cochran [R-MS]	Sen. Bob Corker [R-TN]
Sen. Chuck Grassley [R-IA]	Sen. Johnny Isakson [R-GA]	Sen. Blanche Lincoln [D-AR]	Sen. Mitch McConnell [R-KY]
Sen. Robert Menendez [D-NJ]	Sen. Bill Nelson [D-FL]	Sen. Benjamin Nelson [D-NE]	Sen. Jeanne Shaheen [D-NH]
Sen. Olympia Snowe [R-ME]	Sen. Mark Udall [D-CO]	Sen. Roger Wicker [R-MS]

Date	Chamber	Action
2009-06-11		Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S6560)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/1253/all-info
Text	https://www.congress.gov/111/bills/s1253/BILLS-111s1253is.pdf