In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

SECTION 1. SHORT TITLE.

This Act may be referred to as the ''Used Car Consumer Notification
and Reporting Act''.

SEC. 2. FINDINGS.

The Congress makes the following findings:
(1) Many States do not have specific requirements regarding
the disclosure of a motor vehicle's history and even fewer
States require that the motor vehicle's title be stamped or
branded to indicate that it is a salvage vehicle or a
manufacturer buyback vehicle.
(2) The State disclosure requirements that do exist
regarding a motor vehicle's history are inconsistent with one
another in scope and language, require the use of various and
different forms and administrative procedures, and are
duplicative, burdensome on interstate commerce, and confusing
to consumers.
(3) The fact that a motor vehicle is a salvage vehicle or a
manufacturer buyback vehicle is material to any subsequent sale
of the vehicle.
(4) Many salvage vehicles and manufacturer buyback vehicles
are subsequently resold at auction or by used motor vehicle
dealers and thus recycled back into the marketplace, back onto
the streets, and back into repair shops.
(5) Rebuilt motor vehicles may not have passed a rigorous
safety inspection and may pose a safety risk, according to the
National Highway Traffic Safety Administration, and consumers
who unknowingly buy these motor vehicles face an increased risk
of death or serious injury in motor vehicle accidents.

SEC. 3. MOTOR VEHICLE DAMAGE DISCLOSURE REQUIREMENTS.

The Motor Vehicle Information and Cost Savings Act (15 U.S.C. 1901
et seq.) is amended by inserting at the end the following new title:

''TITLE VII--MOTOR VEHICLE DAMAGE DISCLOSURE REQUIREMENTS

''SEC. 701. DEFINITIONS.

''For the purposes of this title, the following definitions shall
apply:
''(1) Certificate of title.--The term 'certificate of
title' means a document issued by a State evidencing ownership
of a motor vehicle.
''(2) Motor vehicle.--The term 'motor vehicle' has the same
meaning as the term 'passenger motor vehicle' in section 2 of
the Motor Vehicle Information and Cost Savings Act.
''(3) Manufacturer buyback vehicle.--The term 'manufacturer
buyback vehicle' means a motor vehicle that has been
repurchased, replaced, or reacquired by a motor vehicle
manufacturer, distributor, or dealer due to a nonconformity in
the motor vehicle pursuant to a State lemon law by--
''(A) an order or judgment by a court of law; or an
agreement between the parties to settle before trial;
or
''(B) a decision by a formal, informal, or
mandatory arbitration procedure;
''(4) Salvage vehicle.--The term 'salvage vehicle' means a
motor vehicle that has been issued a title in any State bearing
any word or symbol signifying that the motor vehicle is a
'salvage', 'junk', 'reconstructed', or 'rebuilt' motor vehicle,
or that the motor vehicle has been severely damaged by flood.
''(5) Secretary.--The term 'Secretary' means the Secretary
of Transportation.
''(6) State.--The term 'State' means each of the several
States of the United States, the District of Columbia, and the
Commonwealth of Puerto Rico.

''SEC. 702. DISCLOSURE REQUIREMENTS.

''(a) Regulations.--The Secretary shall promulgate regulations,
which shall become effective not later than 180 days after the date of
the enactment of this title, that establish uniform Federal
requirements, as provided in subsection (b), regarding the disclosure
to consumers that a motor vehicle is a salvage vehicle or a
manufacturer buyback vehicle.
''(b) Specific Requirements.--In carrying out the provisions of
subsection (a), the Secretary shall--
''(1) prescribe the form and content of a national uniform
certificate of title that discloses that a motor vehicle sold
on or after the effective date of such regulations is a salvage
vehicle or a manufacturer buyback vehicle;
''(2) prescribe the form and content of a national uniform
sticker, to be affixed, prior to the sale of the motor vehicle,
to the windshield of a salvage vehicle or a manufacturer
buyback vehicle sold on or after the effective date of such
regulations, which discloses that the motor vehicle is a
salvage vehicle or a manufacturer buyback vehicle;
''(3) prescribe the form and content of a national uniform
consumer disclosure statement that--
''(A) includes the motor vehicle make, model, year,
vehicle identification number, and any prior title
numbers and prior States of title; and
''(B) discloses that a motor vehicle sold on or
after the effective date of the regulations promulgated
pursuant to this section is (according to records
available to the State issuing the certificate of
title, including records from any State in which a
certificate of title has previously been issued for
such motor vehicle) a salvage vehicle or a manufacturer
buyback vehicle and the reason for such designation;
''(4) provide that a motor vehicle, the ownership of which
is transferred on or after the effective date of the
regulation, may not be licensed for use in any State unless the
State discloses in writing on the certificate of title whether
records readily accessible to the State indicate whether the
vehicle is a salvage vehicle or a manufacturer buyback vehicle;
and
''(5) provide for a civil penalty, not to exceed $10,000,
which shall be assessed by the Secretary for each violation of
a regulation promulgated by the Secretary pursuant to this
section.

''SEC. 703. UNFAIR TRADE PRACTICE.

''A violation of any regulation promulgated by the Secretary
pursuant to section 4 shall be deemed an unfair or deceptive act or
practice for purposes of section 5(a)(1) of the Federal Trade
Commission Act.

''SEC. 704. EFFECT ON STATE LAW.

''Effective on the date the regulations promulgated pursuant to
section 4 become effective, the provisions of this title shall
supersede any provision of the law of any State relating to the
disclosure of whether a motor vehicle is a salvage vehicle or
manufacturer buyback vehicle to the extent that the provision of State
law is inconsistent with the provisions of this title or a regulation
promulgated pursuant to this title.''.
Used Car Consumer Notification and Reporting Act - Amends the Motor Vehicle Information and Cost Savings Act to direct the Secretary of Transportation to promulgate regulations that establish uniform Federal requirements regarding the disclosure to consumers that a motor vehicle is a salvage or manufacturer buyback vehicle.
Deems a violation of a regulation promulgated by the Secretary to be an unfair or deceptive practice for purposes of the Federal Trade Commission Act.
Provides that this Act shall supersede any State law relating to disclosure of whether a vehicle is a salvage or manufacturer buyback vehicle to the extent that such law is inconsistent with this Act.