A single national standard for achievable greenhouse gas regulations that leverages consumer demand is needed to produce the fleet turnover necessary to deliver environmental benefits. NADA’s Ask: House and Senate Republican members are encouraged to sign a letter led by Rep. Lisa McClain (R- MI), addressed to Republican congressional leadership, opposing EPA's 67% EV mandate. ADDITIONAL ISSUES Supply Chain Disruptions Relief Act (NADA Position: Support) Under existing law, the Treasury Department has the authority to allow businesses that utilize the last-in first-out (LIFO) accounting method extended time to replace inventory if a “major foreign trade interruption” makes inventory replacement difficult or impossible. Pandemic-related global disruptions and reduced auto production made it impossible for dealers to replenish new vehicle supply. Despite broad bipartisan support for the Treasury’s use of its existing authority regarding vehicle inventory, the Treasury declined as it believes additional legislative authority is needed. Under the “Supply Chain Disruptions Relief Act” (H.R. 700/S. 443), Congress would determine that the conditions necessary to grant additional time to replace vehicle inventories under existing law due to pandemic-related foreign trade interruptions have been met. NADA wants legislators to cosponsor the “Supply Chain Disruptions Relief Act” (H.R. 700/S. 443) and urge House and Senate leadership to pass this technical and noncontroversial legislation at the earliest opportunity. Fight Rising Catalytic Converter Theft (NADA Position: Support) As many Virginia dealers know, catalytic converters are being stolen at increasingly higher rates due to their valuable metals, such as rhodium, platinum and palladium. Thieves can easily steal catalytic converters from unattended vehicles, and since catalytic converters are not readily traceable, there is a lucrative market for these stolen parts. These thefts are costing millions of dollars to businesses and individual vehicle owners alike. In addition, replacing a catalytic converter is costly and often difficult due to the part’s skyrocketing demand and supply chain shortages. NADA is asking Congress to pass H.R. 621/ S. 154, the “Preventing Auto Recycling Theft Act” (PART Act), which would help law enforcement combat catalytic converter theft by marking catalytic converters and creating a more transparent market that deters its theft. The So-Called “Right to Repair” Bill, which actually raises serious privacy, security and safety issues for consumers (NADA Position: Oppose) Advocates for “right to repair” legislation claim that independent automotive repair shops do not have access to the parts or data necessary to repair vehicles. However, this concern was rectified years ago, and today, the information independent shops need to repair vehicles is readily available from every auto and truck manufacturer. The latest iteration of “right to repair” legislation (H.R. 906) has little to do with repairing a vehicle. Instead, the bill compels auto and truck manufacturers to provide any “aftermarket parts manufacturer” the information necessary “to produce or offer compatible aftermarket parts,” i.e., parts not made by the auto or truck manufacturer. This legislation would also give any third-party access to sensitive consumer data from vehicles, which raises consumer privacy, vehicle security and automotive safety concerns. This bill regulates only vehicles and does not apply to other equipment or products, such as farm equipment or mobile phones. NADA is asking Congress to oppose the REPAIR Act legislation, H.R. 906, which raises serious vehicle privacy, security and safety issues for consumers. TowneBank.com/DealerServices Kevin Bonniwell Executive Vice President Director of Dealer Services & Finance Member FDIC It’s your vision... your dream. And we’re your bankers. Business_Va_Auto_Dealers_Assoc_VADA_3.625x4.625_4c_Ad.indd 1 3/17/23 10:10 AM vada.com 7
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