Senators approved today a bipartisan bill, H.R. 5859, which eliminates an unnecessary mandate that requires new-car dealerships to keep an obsolete insurance booklet on hand or face a hefty fine.
The legislation, endorsed by the
"None of my customers has ever asked for this booklet. If my customers want accurate insurance information for their vehicles, they should contact their insurance agent, who can provide insurance quote over the phone or via the Internet," said NADA Chairman
"The federal government has spent hundreds of thousands of dollars since 1991 to print and mail this booklet to every new-car dealer in America, yet very few consumers ever ask for it," Underriner added.
In a survey of 815 of its members, NADA found that 96 percent of dealers reported that none of their customers had ever asked to see the booklet.
In a 2011 directive to
Under a 1972 law, the
The bill, H.R. 5859, does not eliminate the government's ability to make the insurance data available online or by other means.
"NADA supports this bill because it eliminates unnecessary red tape on small business dealerships," Underriner said. "New-car dealers applaud the leadership of Sens.
TNS MJ88-121223-4150998 StaffFurigay
|Copyright:||(c) 2012 Targeted News Service|
|Source:||Targeted News Service|