H.R. 1029 would amend title 49, United States Code, to direct the National Highway Traffic Safety Administration to require the disclosure of information relating to the fair market value and safety of damaged motor vehicles.
Detailed Summary
Damaged Vehicle Information Act - Amends federal transportation law to direct the Secretary of Transportation to issue a regulation to require persons who terminate a motor vehicle contract due to flood or water damage, collision, fire damage, theft and recovery, or any circumstance that adversely affects the fair market value of the vehicle to disclose information of such vehicle damage to the public.
Status of the Legislation
Latest Major Action: 2/14/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Points in Favor
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Points Against
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