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Consumer Assistance to Recycle and Save Program: Most Transactions Met Program Requirements, But Program Completion Activities Continue: National Highway Traffic Safety Administration.
| 题名： | Consumer Assistance to Recycle and Save Program: Most Transactions Met Program Requirements, But Program Completion Activities Continue: National Highway Traffic Safety Administration. |
| 关键词： | *Program-completion-activities; *Motor-vehicles; *Transaction-controls.;Effectiveness-; Program-requirements; Economic-stimulation; Fuel-economy. |
| 摘要： | The Consumer Assistance to Recycle and Save (CARS) Act of 2009 required the National Highway Traffic Safety Administration (NHTSA) to establish and administer a program that would encourage consumers to trade in their vehicles for new, more fuel-efficient vehicles. The primary objectives of the program were to stimulate the economy and promote sales of vehicles with higher fuel economy. The CARS Act established an aggressive schedule for NHTSA to implement this complex program, and 12 days into implementation, Congress tripled program funding from $1 billion to $3 billion. After 1 month, dealers requested payment for over 690,000 vehicle sales, nearly exhausting program funds To provide oversight of this high risk program, Congress required the Government Accountability Office (GAO) and the Department of Transportation (DOT) Office of Inspector General (OIG) to review and report on the administration of the program. |
| 报告类型： | 科技报告 |
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