HOUSE CLEARS HARPER-OWENS DEREGULATION BILL

The US House of Representatives passes a bill which removes a federal mandate requiring the distribution of a booklet reporting motor vehicle insurance costs.

 The bipartisan legislation, introduced byU.S.Representatives Gregg Harper ofMississippiand Congressman Bill Owens eliminates the mandatory printing of the National Highway Traffic Safety Administration’s (NHTSA) annual booklet entitled, “Relative Collision Insurance Cost Information.”

 The National Automobile Dealers Association says the pamphlet compares differences in insurance costs among vehicles on the basis of damage susceptibility. However, the organization acknowledges that this publication is rarely used. 

     http://www.youtube.com/watch?feature=player_detailpage&v=2XdUV24tpRY

 The Congressman says “he is pleased the legislation passed the House” “One of his top priorities” he says “is to reduce burdensome regulations on local small business owners so they can continue to provide good paying jobs to the community.”

 Transportation Department officials have distributed the publication since 1991, costing taxpayers hundreds of thousands of dollars over the past 21 years. The Obama administration’s vehicle safety technical assistance document sent to Congress in 2011 prior to consideration of transportation reauthorization proposed repealing this requirement.

 “A prospective buyer does not need a brochure from the federal government to obtain this information, since insurance agents are trained to provide advice on how model selection affects insurance premiums,” the White House wrote.

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