H.R.3088 - Jeremy Warriner Consumer Protection Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Carson, Andre [D-IN-7] (Introduced 06/26/2009)|
|Committees:||House - Financial Services|
|Latest Action:||House - 06/26/2009 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3088 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (06/26/2009)
Jeremy Warriner Consumer Protection Act of 2009 - Requires an automobile manufacturer to purchase liability insurance from an insurance company if: (1) the federal government has an ownership interest in the manaufacturer; or (2) the manufacturer has an outstanding federal loan.
Prescribes specifications for such product liability coverage.
Declares null and void any defense to a liability claim that is predicated upon bankruptcy by an automobile manufacturer that is a named insured under a liability insurance plan.
Requires the Administrator of the National Highway Traffic Safety Administration (NHTSA) to initiate a rulemaking proceeding to implement such insurance requirement.
Authorizes the Administrator to impose against any automobile manufacturer for non-compliance with this Act a civil penalty of up to five times the amount it would have cost such manufacturer to purchase the requisite liability insurance.