S. 4053 aims to prevent auto dealers from selling, leasing, or loaning used motor vehicles that have open recalls to consumers. The bill requires manufacturers to reimburse dealers if a remedy for the recalled vehicle is unavailable, up to the vehicle's fair market value....
Simple Explanation
S. 4053 is a rule that says car dealers can't sell, rent, or lend cars that need fixing because of safety problems (called recalls). If the car can't be fixed on time, the company that made it must pay the dealer what the car is worth.