Automobile Dealers Assistance Act of 2009

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 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 11 June 2009

   Introduced

   Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S6560)

   Source: IntroReferral

2. 11 June 2009

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 11 June 2009 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 11 June 2009

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 11 June 2009

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 11 June 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Corker, Bob [R-TN] · R · Sponsor
• Sen. Nelson, Bill [D-FL] · D · Sponsor
• Sen. Shaheen, Jeanne [D-NH] · D · Sponsor
• Sen. Snowe, Olympia J. [R-ME] · R · Sponsor
• Sen. Isakson, Johnny [R-GA] · R · Sponsor
• Sen. Wicker, Roger F. [R-MS] · R · Sponsor
• Sen. McConnell, Mitch [R-KY] · R · Cosponsor
• Sen. Grassley, Chuck [R-IA] · R · Cosponsor
• Sen. Nelson, Ben [D-NE] · D · Cosponsor
• Sen. Udall, Mark [D-CO] · D · Cosponsor
• Sen. Brownback, Sam [R-KS] · R · Cosponsor
• Sen. Cochran, Thad [R-MS] · R · Cosponsor
• Sen. Menendez, Robert [D-NJ] · D · Cosponsor
• Sen. Burr, Richard [R-NC] · R · Cosponsor
• Sen. Lincoln, Blanche L. [D-AR] · D · Cosponsor
• · ssju00 · Standing

Related records

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