bill Progress
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Committee on Financial ServicesIntroducedJune 8th, 2009
EconomyBill Details
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Title
Automobile Dealer Economic Rights Restoration Act of 2009
Official Title
To restore the economic rights of automobile dealers, and for other purposes.
Summary
Automobile Dealer Economic Rights Restoration Act of 2009 - Prohibits any automobile manufacturer in which the federal government has an economic interest from depriving an automobile dealer of its economic rights as they existed prior to the commencement of a bankruptcy case by the manufacturer, including the dealer's rights to recourse under state law.
Requires such manufacturers to restore the franchise agreements with dealers that were in effect prior to the bankruptcy case.