The Auto Bailout Accident Victims Recovery Act addresses a long-standing legal dispute stemming from the 2009 General Motors bankruptcy and government bailout. The bill allows accident victims who were injured or lost loved ones due to defects in General Motors vehicles manufactured before June 2009 to move forward with their lawsuits against the federal government, even though the standard time limit for filing such claims has expired. Under the legislation, eligible victims—those who filed claims in the original bankruptcy case—would receive compensation equal to 2.5 times their allowed claims amount, plus interest accrued since July 2009 at 3.5 percent annually, plus attorney fees, with no offsets or reductions. The bill specifically addresses the Campbell v. United States case filed in 2015 and requires the Attorney General to report to Congress within 60 days of the law's enactment if a settlement agreement has not been reached, establishing a clear timeline for resolution of these claims.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.