To waive the statute of limitations for cases against the government related to the General Motors bailout that were filed on or before July 9, 2015, and for other purposes.
This bill would waive the statute of limitations for victims of accidents involving defective General Motors vehicles to pursue claims against the federal government related to the 2009 GM bailout. The legislation specifically targets a lawsuit filed in 2015 called Campbell v. United States, in which accident victims claimed the government violated their constitutional rights when it acquired GM's assets without compensating those harmed by vehicle defects. Under the bill, the government would pay eligible claimants "just compensation" calculated as 2.5 times the amount they were owed in the original bankruptcy case, plus interest at 3.5 percent per year since July 2009, plus attorney fees approved by the court. The bill requires the Attorney General to report to Congress within 30 days if a settlement agreement has not been reached. This legislation would affect victims of accidents caused by defects in GM vehicles manufactured before June 2009 who filed claims in the Motors Liquidation Company bankruptcy case.
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