H.R.1606 - New Automobile Voucher Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Manzullo, Donald A. [R-IL-16] (Introduced 03/19/2009)|
|Committees:||House - Transportation and Infrastructure; Energy and Commerce|
|Latest Action:||03/23/2009 Referred to the Subcommittee on Commerce, Trade and Consumer Protection. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1606 — 111th Congress (2009-2010)All Bill Information (Except Text)
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.