Bill S.47, introduced by Senator Lyons, proposes the establishment of a Motor Vehicle Purchase Cancellation Study Committee in Vermont. The committee's purpose is to explore potential amendments to existing 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. It will examine the legal rights of motor vehicle purchasers, including the ability to return a vehicle after taking possession and to cancel a purchase contract prior to delivery.

The committee is tasked with assessing the implications of these potential statutory changes on both consumers and dealerships. It will receive administrative and legal support from the Department of Motor Vehicles and is required to submit a report with findings and recommendations for legislative action by January 15, 2026. The committee will hold its first meeting by September 1, 2025, and will disband on February 15, 2026. Members who are not otherwise compensated will receive per diem and expense reimbursements for their participation. The act is set to take effect on July 1, 2025.