109th Congress Closes, NADA Has Significant Victories for Dealers

109th Congress Closes, NADA Has Significant Victories for Dealers

With the closing of the 109th Congress earlier this month, NADA declared some significant accomplishments for dealers during the past two years. During this Congress, NADA successfully:

gained bipartisan congressional support for NADA’s proposal to require insurance companies to disclose vehicle total-loss data;

reformed bankruptcy laws to create more fairness for dealers;

provided a “safe harbor” for taxable highway tractors;

protected state dealer association health plans from problematic IRS rules;

enacted legislation to shield dealers from frivolous lawsuits such as vicarious liability and class action suits;

repealed for two years NADA’s Unrelated Business Income Tax Liability;

made progress on death tax relief;

halted redundant and inconsistent consumer credit security proposals;

defeated onerous fuel economy mandates that threaten vehicle availability, safety, and jobs;

restored the established business relationship exemption for the Do Not Fax rule;

killed the so-called “right to repair” legislation;

and protected the LIFO (“last in, first out”) accounting method from elimination.