The program officially started on 1 July 2009, but the processing of applications began July 24 . The initial fund of $ 1 billion was exhausted on July 30, 2009, well ahead of schedule on 1 November 2009 . Faced with this unexpected success, the Congress of the United States wanted to extend it by seeking additional 2 billion USD . On 31 July the House of Representatives of the United States has approved the extension of the program [5]. The Senate of the United States has approved the extension August 6, 2009 .In mid-August 2009, approximately 457 000 were traded cons of new cars, such exchanges cost about 1.9 billion USD.On August 20, 2009, the Secretary of Transportation of the United States Ray LaHood announced that the program officially ended August 24 at 20:00 EST. After the announcement, several dealers have decided to stop participating in the program from August 22 because of time and a certain bureaucratic . In total, nearly 700 000 vehicles were purchased with the premium cost over 2.8 billion dollars.Visit CRSINC for more information about auto allowance.
Several models of Audi, BMW and Acura are considered tacots by law, making it implausible that the definition is the law of the word “jalopy”.A lance journalist from the Washington Post, the program is “a disguised subsidy for the automobile industry , because the law does not apply to used cars, makes people even more into debt and obligation Not what vehicles purchased are significantly less fuel-efficient.
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