S.1020 - Motor Vehicle Franchise Contract Arbitration Fairness Act of 1999106th Congress (1999-2000)
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 05/12/1999)|
|Committees:||Senate - Judiciary|
|Latest Action:||10/05/2000 Committee on the Judiciary. Committee consideration and Mark Up Session held.|
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Summary: S.1020 — 106th Congress (1999-2000)All Bill Information (Except Text)
Introduced in Senate (05/12/1999)
Motor Vehicle Franchise Contract Arbitration Fairness Act of 1999 - Provides that each party to a motor vehicle franchise contract providing for the use of arbitration to resolve a controversy arising out of or relating to the contract shall have the option, after the controversy arises and before both parties commence an arbitration proceeding, to reject arbitration as the means of settling the controversy. Requires that any such rejection be in writing.
Requires the arbitrator, whenever a party elects arbitration, to provide the parties with a written explanation of the factual and legal basis for the award.