Bill S.47, introduced by Senator Lyons, proposes the establishment of a Motor Vehicle Purchase Cancellation Study Committee. This committee will explore potential amendments to Vermont's laws that would allow purchasers to return a motor vehicle to a dealership within a limited timeframe after the purchase. The committee will consist of various members, including representatives from the Department of Motor Vehicles, the Secretary of Transportation, and Vermont Legal Aid, among others. Its primary focus will be to assess the legal rights of motor vehicle purchasers regarding the return of vehicles and the cancellation of purchase contracts, as well as the potential impacts of such changes on both consumers and dealerships.

The committee is tasked with submitting a report by January 15, 2026, detailing its findings and any legislative recommendations. The first meeting is to be convened by the Commissioner of Motor Vehicles by September 1, 2025, and the committee will dissolve on February 15, 2026. Additionally, members who are not otherwise compensated will receive per diem compensation and expense reimbursement for attending up to four meetings. The act is set to take effect on July 1, 2025.