Skip to main content

Pelosi Statement on President Obama Signing Cash for Clunkers Extension

August 7, 2009

Contact: Brendan Daly/Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, D.C. - Speaker Nancy Pelosi issued the following statement today after President Obama signed into law legislation to extend the highly successful Cash For Clunkers initiative with an additional $2 billion in funding:

“Today, by signing the Cash for Clunkers legislation that passed the House and Senate, President Obama joined Congress in providing needed assistance to consumers, dealers, and the auto industry in general, while preserving our planet.

“The Cash for Clunkers initiative has been successful beyond our wildest dreams. Already, from coast to coast, families have traded in their old gas-guzzlers for new, more fuel-efficient vehicles, many of which were made right here in the United States. Now, many more Americans will have the opportunity to do so.

“I commend the Senate for joining the House in taking swift action, and President Obama for signing into law a measure that will help our economy and reduce our dependence on oil.â€Â