HR 7321 RDS

110th CONGRESS

2d Session

H. R. 7321

IN THE SENATE OF THE UNITED STATES

December 11 (legislative day, December 10), 2008

Received


AN ACT

To authorize financial assistance to eligible automobile manufacturers, and for other purposes.

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

SEC. 2. FINDINGS AND PURPOSES.

SEC. 3. PRESIDENTIAL DESIGNATION.

SEC. 4. BRIDGE FINANCING.

SEC. 5. RESTRUCTURING PROGRESS ASSESSMENT.

SEC. 6. SUBMISSION OF PLANS.

SEC. 7. FINANCING FOR RESTRUCTURING.

SEC. 8. DISAPPROVAL AND CALL OF LOAN.

SEC. 9. ALLOCATION.

SEC. 10. FUNDING.

SEC. 11. TERMS AND CONDITIONS.

SEC. 12. TAXPAYER PROTECTION.

SEC. 13. OVERSIGHT AND AUDITS.

SEC. 14. AUTOMOBILE MANUFACTURERS’ STUDY ON POTENTIAL MANUFACTURING OF TRANSIT VEHICLES.

SEC. 15. REPORTING AND MONITORING.

SEC. 16. REPORT TO CONGRESS ON LACK OF PROGRESS TOWARD ACHIEVING AN ACCEPTABLE NEGOTIATED PLAN.

SEC. 17. SUBMISSION OF PLAN TO CONGRESS BY THE PRESIDENT’S DESIGNEE.

SEC. 18. GUARANTEE OF LEASES OF QUALIFIED TRANSPORTATION PROPERTY.

SEC. 19. COORDINATION WITH OTHER LAWS.

SEC. 20. TREATMENT OF RESTRUCTURING FOR PURPOSES OF APPLYING LIMITATIONS ON NET OPERATING LOSS CARRYFORWARDS AND CERTAIN BUILT-IN LOSSES.

SEC. 21. EMERGENCY DESIGNATION.

SEC. XX. NEW LENDING THAT IS ATTRIBUTABLE TO TARP INVESTMENTS AND ASSISTANCE.

Passed the House of Representatives December 10, 2008.

Attest:

LORRAINE C. MILLER,

Clerk.