OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Consumer Assistance To Recycle And Save Act

Floor Speech

Date: June 9, 2009
Location: Washington, DC
Issues: Transportation Business and Consumers

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Mr. ROGERS of Alabama. I rise today to offer my reluctant support of the Consumer Assistance to Recycle and Save Act, also known as the Cash for Clunkers program.

All of us have witnessed the devastation felt by our automotive sector. In my home State of Alabama, as in many other States, workers have lost their jobs or had their hours cut. Many hardworking dealers have simply been forced to close their doors.

To help protect our jobs and stimulate the automotive sector, we must work to stimulate consumer credit markets and restore consumer confidence. That is why I recently introduced my bill, the Consumer Auto Relief Act. Unlike the bill we are considering today, my proposal would help all sectors of the automotive industry.

In addition to offering tax credits to working families to help purchase new vehicles, the bill would also help incentivize lenders to finance new vehicles. The bill would also place no limitations on eligibility to participate in the program. Unfortunately, my bill is not what is on the floor today. Nonetheless, despite my reservations about H.R. 2751, I believe that passing it is better than doing nothing, but not by much. I offer my support for the bill and urge its passage.

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