A bill to amend the Motor Vehicle Information and Cost Savings Act (15 U.S.C. 1901 et seq.) to authorize the Secretary of Transportation to take action to encourage the removal of certain model year vehicles from use.

Amends the Motor Vehicle Information and Cost Savings Act to require the Secretary of Transportation to issue regulations to establish a program encouraging the removal from use and the marketplace of motor vehicles manufactured prior to 1980. Provides for a credit to the corporate average fuel economy of a manufacturer for each pre-1980 automobile destroyed under such regulations.