H.R.1606 - New Automobile Voucher Act of 2009

To establish a new automobile voucher program. view all titles (2)

All Bill Titles

  • Short: New Automobile Voucher Act of 2009 as introduced.
  • Official: To establish a new automobile voucher program. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/18/09
 
 
 
 
 
 
 

Official Summary

3/19/2009--Introduced.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 w

Official Summary

3/19/2009--Introduced.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.

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