To require an automobile manufacturer that the Federal Government has an ownership interest in or that has an outstanding loan from the Federal Government to purchase liability insurance from an insurance company.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line