A trio of United States Senators have introduced a bill that seeks to remove the cap from fines that auto safety regulators can impose on vehicle manufacturers.
Currently, the National Highway Traffic Safety Administration (NHTSA) can only fine auto companies up to $35 million, a number which all three senators believe is too small. This comes a week after the maximum penalty of $35 million was imposed upon General Motors for failing to report defects in a timely manner.
“The $35 million fine levied on GM is a pittance compared to the company’s revenue and the damage caused by its deception and delay,” said Sens. Richard Blumenthal, D-Conn. “This legislation will ensure that penalties are commensurate with wrongdoing and are meaningful financial deterrents.” The other two senators backing the bill are Edward Markey, D-Mass. and Bill Nelson, D-Fla.
Along with removing the cap from total penalties, the bill also wants to increase the maximum penalty for single instances of breaking a US safety law, such as importing a vehicle that doesn’t meet US standards or selling an unfixed recalled vehicle, from $5,000 to $25,000.
[Source: Automotive News]
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