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 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 bill outlines the committee's powers and duties, which include examining the feasibility of allowing vehicle returns after possession and contract cancellations prior to delivery. The committee is required to submit a report with findings and recommendations for legislative action by January 15, 2026. Additionally, the bill specifies that the committee will be supported by the Department of Motor Vehicles and will hold its first meeting by September 1, 2025. The act is set to take effect on July 1, 2025.