HR 164
112th CONGRESS
1st Session
H. R. 164
To amend title 49, United States Code, to direct the National Highway
Traffic Safety Administration to require the disclosure of information relating
to the fair market value and safety of damaged motor vehicles.
IN THE HOUSE OF REPRESENTATIVES
January 5, 2011
Mr. STEARNS introduced the following bill; which was referred to the Committee
on Energy and Commerce
A BILL
To amend title 49, United States Code, to direct the National Highway
Traffic Safety Administration to require the disclosure of information relating
to the fair market value and safety of damaged motor vehicles.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Damaged Vehicle Information Act'.
SEC. 2. DISCLOSURE OF VEHICLE DAMAGE INFORMATION.
Section 32303 of title 49, United States Code, is amended by adding at the
end the following new subsection:
`(d) Disclosure of Fair Market Value and Safety Information- (1) Not later
than 270 days after the date of enactment of this subsection, the Secretary
of Transportation, through the National Highway Traffic Safety Administration,
shall issue a regulation requiring all persons who terminate a contract related
to a motor vehicle due to flood or water damage, collision, fire damage, theft
and recovery, or any other circumstance that adversely affects the fair market
value of such motor vehicle, to disclose to the public in a commercially reasonable,
electronically accessible manner the following information for every motor
vehicle that has been identified in such contract:
`(A) The vehicle identification number of the motor vehicle.
`(B) The date of the termination of the contract.
`(C) The odometer reading of the motor vehicle on the date of the termination
of the contract.
`(D) Whether, as a result of the incident that resulted in the termination
of the contract, one or more airbags in the motor vehicle were deployed.
`(E) The cause of the termination of the contract, including whether such
cause was flood or water damage, collision, fire damage, theft and recovery,
or another cause.
`(2) The Secretary shall rely on the private sector to collect, aggregate,
and disclose to the public the fair market value and safety information described
in paragraph (1) and all such information shall be accessible by vehicle identification
number.
`(3) For purposes of this subsection, the term `person' includes any individual,
company, corporation, association, firm, partnership, society, or any other
entity, but does not include any governmental agency.'.
END
