IV 
111TH CONGRESS 
1ST SESSION 
H. RES. 571 
Expressing the sense of the House of Representatives that the Federal Gov-
ernment should relinquish its temporary ownership interests in the Gen-
eral Motors Corporation and Chrysler Group, LLC, as soon as possible 
and should not micromanage or unduly intercede in management deci-
sions of such companies. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 19, 2009 
Mr. WALZ (for himself, Mr. ELLSWORTH, and Mr. WILSON of South Carolina) 
submitted the following resolution; which was referred to the Committee 
on Financial Services 
RESOLUTION 
Expressing the sense of the House of Representatives that 
the Federal Government should relinquish its temporary 
ownership interests in the General Motors Corporation 
and Chrysler Group, LLC, as soon as possible and should 
not micromanage or unduly intercede in management 
decisions of such companies. 
Whereas the Federal Government is taking a significant own-
ership stake in Chrysler Group, LLC, and the General 
Motors Corporation; 
Whereas General Motors has entered Chapter 11 bankruptcy 
and Chrysler has gone through Chapter 11 bankruptcy; 
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•HRES 571 IH 
Whereas Chrysler is receiving more than $12,000,000,000 in 
aid from the Federal Government and General Motors is 
receiving approximately $50,000,000,000; 
Whereas any use of taxpayer dollars for the Federal Govern-
ment to take a share of ownership in the American auto-
motive industry should be temporary; 
Whereas a prearranged time schedule for divestment of such 
Government share of ownership could create problems; 
Whereas the Obama administration has stated that ‘‘[t]he 
Government has no desire to own equity stakes in compa-
nies any longer than necessary, and will seek to dispose 
of its ownership interests as soon as practicable’’; 
Whereas the Obama administration has stated that ‘‘[t]he 
government will protect the taxpayers’ investment by 
managing its ownership stake in a hands-off, commercial 
manner. The government will not interfere with or exert 
control over day-to-day company operations’’; and 
Whereas public ownership of automobile companies presents 
a constant temptation to lawmakers to micromanage and 
unduly intercede in management decisions: Now, there-
fore, be it 
Resolved, That it is the sense of the House of Rep-
resentatives that— 
(1) after taking a temporary ownership interest 
in the United States automobile companies, the Fed-
eral Government should take all possible actions to 
protect taxpayer dollars and divest such ownership 
interest in such companies as quickly as possible; 
and 
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•HRES 571 IH 
(2) the Federal Government should not micro-
manage and unduly intercede in management of the 
automobile companies in which it takes a temporary 
ownership interest. 
Æ 
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