WASHINGTON, D.C. U.S. Sens. Tom Harkin, D-Iowa, and Richard Durbin, D-Ill., have introduced the “Sell Fuel Efficient Cars Act of 2008,” Senate Bill 3737, which “will require the secretary of treasury to carry out a program to enable certain individuals to trade certain old automobiles for certain new automobiles, and for other purposes.” The bill has been referred to the Senate Committee on Banking, Housing, and Urban Affairs.
This fleet modernization program would provide government funds to remove older, less-fuel-efficient vehicles from America’s highways. The program will be administered by the U.S. Department of the Treasury.
The senators’ proposal does not contain a repair option, however the Automotive Service Association (ASA) has encouraged Congress to only enact fleet modernization programs that are state administered and include a repair option for vehicle owners.
To view the text of S.B. 3737 and ASA’s fleet modernization letter to Congress, visit ASA’s legislative website, www.TakingTheHill.com.