Month: June 2012

House Committee Approves Auto Safety Bill

The House Energy and Commerce Committee approved an auto safety bill where “automakers would be required to meet new safety standards to prevent unintended acceleration in vehicles” as well as “new rules for brake override systems and vehicle black boxes and tougher penalties for slowing down a recall. ”AP(5/26, Thomas).” The Washington Post (5/27, Whoriskey) reports that the bill seeks to make the National Highway Traffic Safety Administration’s oversight “more aggressive” and would prohibit NHTSA employees from lobbying activities, on behalf of automakers, within a year of their employment. Okun,Oddo & Babat will continue to monitor this bill, and will provide updates on its progress.