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- S.1253
S.1253: Automobile Dealers Assistance Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced June 11, 2009
- Latest Major Action June 11, 2009
Bill Sponsor
Bill Cosponsors
14 (6 Democrats, 9 Republicans)
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on the Judiciary.
|
|
| June 11, 2009 |
Introduced in the Senate by Bob Corker (R-Tenn.) |