Two key members of Congress are drafting major reforms of auto safety laws in the wake of Toyota Motor Corp.'s massive recalls that could include a fee on new car sales to fund more federal oversight. Sen. Jay Rockefeller, D-W.Va., chairman of the Senate Commerce Committee, and Rep. Henry Waxman, D-Calif., chairman of the House Energy and Commerce Committee, are expected to release draft auto safety legislation later this week that will require all automakers to install anti-runaway technology, such as brake override systems, stop-start technology and event data recorders.
Waxman and Rockefeller are aiming to draft one bill, but may end up writing separate legislative proposals.
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