Consumer Assistance to Recycle and Save Act Law and Legal Definition

The Consumer Assistance to Recycle and Save Act of 2009 (“Act”) is a U.S. federal law that established the Consumer Assistance to Recycle and Save (CARS) Program. This program was to be implemented within 30 days of the enactment of the statute. The Act appropriated $ 1 billion for the Program.

Pursuant to the Act, the Secretary of Transportation was directed to establish and administer a program in which vehicle owners meeting certain statutorily specified requirements were entitled to receive a monetary credit for trading in their vehicle and purchasing or leasing a new, more fuel efficient vehicle. The vehicle owners were given a credit of $3,500 or $4,500, depending upon the amount of improved fuel efficiency.