Summary: H.R.1606 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.1606. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/19/2009)

New Automobile Voucher Act of 2009 - Establishes in the Department of the Treasury the New Automobile Voucher Program.

Directs the Secretary of the Treasury to: (1) authorize the issuance of a redeemable voucher to a dealer for each person or eligible fleet operator who purchases an eligible new automobile; (2) allow a dealer to participate in the program if it agrees to apply such voucher toward the purchase of an eligible new automobile and complies with all applicable requirements; (3) establish a Web-based system to process vouchers; and (4) make payments to dealers who apply vouchers for such purchases.

Defines "eligible new automobile" as a new automobile whose purchase price is less than $50,000.

Sets forth civil penalties for violations of this Act.