Government Affairs

Too Big to Get a Small-Business Loan? Think Again…

The U.S. Small Business Administration (SBA) has temporarily expanded the size requirements for SBA-backed 7(a) loans in order to help insert more liquidity into the marketplace. The SBA estimates that more than 70,000 small businesses across the country will be eligible for new loans between now and the time the program ends on September 30, 2010, including many auto-sector businesses.

Industry Braces for Strengthened Car Roofs

After years of debate, the National Highway Traffic Safety Administration has revised the vehicle roof strength rule, Federal Motor Vehicle Safety Standard (FMVSS) No. 216. The new standard will require manufacturers to design vehicle roofs that withstand at least three times the weight of a light-duty vehicle (up to 6,000 lbs.) during a two-sided roof strength test. The current standard, which had remained unchanged since 1971, requires the roof to support at least 1.5 times the vehicle weight when tested on one side only.

Congress Takes Wrong Turn on "Cash for Guzzlers"

SEMA Continues to Promote Options to Short-Sighted Scrappage Program

Key lawmakers in the U.S. House of Representatives announced a “Cash for Guzzlers” agreement that would pay consumers to scrap cars and trucks that get less than 18 miles per gallon in exchange for a cash voucher to buy a new car. The consumer would receive either $3,500 or $4,500 depending on the fuel economy improvement of the new vehicle. Legislation is expected to be introduced in the near future.

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