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General Motors Bailout Act: Compensation for Defective Vehicle Victims

This act aims to provide compensation to individuals injured by defective General Motors vehicles who filed claims by July 9, 2015. It ensures that victims can receive fair compensation, regardless of the time elapsed since the incident. The law facilitates access to due financial resources for those who suffered due to manufacturing defects.
Key points
Waives the statute of limitations for lawsuits against the government related to the General Motors bailout, if claims were filed on or before July 9, 2015.
The U.S. government will pay compensation to eligible claimants who filed claims in the General Motors bankruptcy case, where injuries or death were caused by defects in vehicles manufactured on or before June 1, 2009.
Compensation will be 2.5 times the approved claim amount, plus interest and reasonable court-approved fees, without any offsets.
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Additional Information
Print number: 117_HR_7016
Sponsor: Rep. Carter, Troy [D-LA-2]
Process start date: 2022-03-09