Saturday, May 30, 2009

Senator Hutchinson Proposes Amendment to Help Dealerships

Senator Kay Bailey Hutchinson introduced an amendment that gives dealerships due to be closed on June 9, 60 more days to close and sell remaining inventory.

From the press release:

"My amendment simply states that no funds shall be expended from the Treasury to an auto manufacturer that has notified a dealership that it will be terminated without providing at least 60 days for that dealership to wind down its operations and sell its inventory. Sixty days are all we're asking for. Frankly, I wish we could go much further, because I fundamentally disagree with the decision to arbitrarily and unnecessarily close down these auto dealers."

Amendment 1189 to H.R. 2346, the Supplemental Appropriations Act:

"No funds shall be expended from the Treasury to an auto manufacturer which has notified a dealership that it will be terminated without providing at least 60 days for that dealership to wind down its operations and sell its inventory."

The amendment is endorsed by the National Automobile Dealers Association.

The ripple effect of the closing of these dealerships will impact towns and cities across the country. Especially in smaller cities and towns, the local dealership is looked to as a supporter for everything from Little League to Big Brother/Big Sister and United Way agencies.

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