The auto dealers won’t quit
June 1, 2010 | federal legislation, industry | Comments (0)From The Hill:
Auto dealers are facing the toughest fight yet in their effort to win an exemption from new financial regulations.
The dealerships waged a high-stakes battle in the House and won an exemption in December from a new consumer financial protection regulator that is part of much broader financial legislation targeting Wall Street. Auto dealers last week won non-binding support in the Senate for the same carve-out. Republican and Democratic lawmakers have given their backing.
The auto dealers are now at a critical juncture. A small group of House and Senate lawmakers are headed into a month-long conference to finalize the legislation and send it to President Barack Obama before the July Fourth recess.
Comments»
No comments yet.