H.R. 2743House111th Congress (2009-2011)In Committee

Automobile Dealer Economic Rights Restoration Act of 2009

Introduced June 8, 2009

Legislative Activity

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2 earlier actions
HouseIntro Referral Latest Action

Sponsor introductory remarks on measure. (CR H6314-6315)

June 9, 2009

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HouseIntro Referral

Introduced in House

June 8, 2009

HouseIntro Referral

Referred to the House Committee on Financial Services.

June 8, 2009

HouseIntro Referral

Sponsor introductory remarks on measure. (CR H6314-6315)

June 9, 2009

Floor Debate

8 members

What members said about H.R. 2743 on the floor

8 Republicans
Steve King
Rep. Steve KingR-IA-5 · Sep 29, 2009

I thank the gentleman from Texas and the general from Georgia for their leadership on these issues. And once a week, at least, we see the judge from Texas down here laying out the conscience of the…

John R. Carter
Rep. John R. CarterR-TX-31 · Sep 29, 2009

Mr. Speaker, to my hall mate, Mr. Kennedy, that was a moving tribute and well deserved. I am glad we could yield the time. The subject of this hour that we have been talking about now for, I believe,…

Lynn A. Westmoreland
Rep. Lynn A. WestmorelandR-GA-3 · Sep 29, 2009

Thank you for yielding. I did want to bring the substance. We were talking about the rule of law. Speaker Pelosi, after the 2006 election, made a comment. She said, This leadership team will create…

John Shimkus
Rep. John ShimkusR-IL-19 · Apr 29, 2010

I'd like to read a letter from a former Chrysler dealer in my district: ``Dear Congressman, I'd like to thank you for cosponsoring H.R. 2743, the Automobile Dealers Economic Rights Restoration Act of…

Donald A. Manzullo
Rep. Donald A. ManzulloR-IL-16 · Jul 17, 2009

Mr. Chair, as with many bills debated in Congress, the Financial Services and General Government Appropriations Act, 2010 (H.R. 3170) contained some good and some bad provisions. This spending bill…

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Donald A. Manzullo
Rep. Donald A. ManzulloR-IL-16 · Jun 10, 2009

Mr. Speaker, in less than 48 hours the doors of hundreds of GMC dealers across the Nation and Chevy dealers will be closed. General Motors, now a State-owned enterprise with 60 percent of the stock…

Michele Bachmann
Rep. Michele BachmannR-MN-6 · Jul 14, 2009

Madam Speaker, 2 days after Independence Day, the remaining GM dealers in the United States received a letter from the General Motors National Dealer Council letting the dealers know that the…

Roscoe G. Bartlett
Rep. Roscoe G. BartlettR-MD-6 · Sep 29, 2009

I thank the gentleman for yielding. Before talking about this very interesting subject, I would like to spend just a few moments talking about why I think the rule of law is so important. We are one…

Michele Bachmann
Rep. Michele BachmannR-MN-6 · Jul 21, 2009

Mr. Chair, last week the House voted on legislation, H.R. 3170, the Financial Services and General Government Appropriations Act of 2010, which included an important provision to reinstate the…

Glenn Thompson
Rep. Glenn ThompsonR-PA-5 · Sep 29, 2009

You sure did, Judge. I want to thank you for bringing this up. It's just not who these folks are that we don't know; it's what they step on. I look at this as sort of the fourth or the stealth branch…

Bill Text

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Introduced in HouseIssued June 8, 2009

I

111th CONGRESS

1st Session

H. R. 2743

IN THE HOUSE OF REPRESENTATIVES

June 8, 2009

Mr. Maffei (for himself, Mr. Kratovil, Mr. Van Hollen, Mr. Hoyer, Mr. McMahon, Ms. Sutton, Mr. Bartlett, Mr. Hall of New York, Mr. Posey, Mr. Heinrich, Mr. Paulsen, Ms. Shea-Porter, Mr. Manzullo, Mr. DeFazio, and Mr. Davis of Alabama) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To restore the economic rights of automobile dealers, and for other purposes.

1.

Short title

This Act may be cited as the Automobile Dealer Economic Rights Restoration Act of 2009.

2.

Findings

The Congress finds the following:

(1)

Automobile dealers are an asset to automobile manufacturers that make it possible to serve communities and sell automobiles nationally.

(2)

Forcing the closure of automobile dealers would have an especially devastating economic impact in rural communities, where dealers play an integral role in the community, provide essential services and serve as a critical economic engine.

(3)

The manufacturers obtain the benefits from having a national dealer network at no material cost to the manufacturers.

(4)

Historically, automobile dealers have had franchise agreement protections under State law.

3.

Restoration of economic rights

(a)

In order to protect assets of the Federal Government and better assure the viability of automobile manufacturers in which the Federal Government has an ownership interest, or to which it is a lender, an automobile manufacturer in which the Federal Government has an ownership interest, or which receives loans from the Federal Government, may not deprive an automobile dealer of its economic rights and shall honor those rights as they existed, for Chrysler LLC dealers, prior to the commencement of the bankruptcy case by Chrysler LLC on April 30, 2009, and for General Motors Corp. dealers, prior to the commencement of the bankruptcy case by General Motors Corp. on June 1, 2009, including the dealer’s rights to recourse under State law.

(b)

In order to preserve economic rights pursuant to subsection (a), at the request of an automobile dealer, an automobile manufacturer covered under this Act shall restore the franchise agreement between that automobile dealer and Chrysler LLC or General Motors Corp. that was in effect prior to the commencement of their respective bankruptcy cases and take assignment of such agreements.

(c)

Except as set forth herein, nothing in this Act is intended to make null and void:

(1)

the court approved transfer of substantially all the assets of Chrysler LLC to New CarCo Acquisition LLC; or

(2)

a transfer of substantially all the assets of General Motors Corp. that could be approved by a court after the date of introduction of this Act.