Federal Legislation

A program known as ‘cash for clunkers’ is being considered for inclusion in the Senate stimulus package to make the U.S. auto fleet more fuel-efficient and stimulate demand for new, cleaner cars. Will the older vehicles will be scrapped or resold?

In the same week that Congress passed the Housing and Economic Recovery Act of 2008, Los Angeles announcemed the New Generation Fund, a $100 million program for affordable housing.