Bill > S2956

This bill aims to enhance consumer safety by prohibiting auto dealers from selling, leasing, or loaning used motor vehicles with open safety recalls. The legislation defines a "used motor vehicle" as a vehicle previously purchased for non-resale purposes and establishes new requirements for dealers. Specifically, dealers selling five or more vehicles per year are required to remedy any outstanding safety recalls before selling a used vehicle, with a few narrow exceptions such as when recall information was not available at the time of sale or when the vehicle is being sold at wholesale. The bill also mandates that manufacturers reimburse dealers at a rate determined by the Secretary of Transportation if a recall remedy is not made available within 60 days of the initial notification, with reimbursement not exceeding the fair market value of the vehicle. If a dealer is unable to remedy a recall within a specified timeframe, they must compensate the dealer for holding the vehicle. The act will take effect one year after its enactment, providing time for dealers and manufacturers to adjust to the new requirements and improve vehicle safety for consumers.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/senate-bill/2956/all-info