Bill H.188 proposes the establishment of a Motor Vehicle Purchase Cancellation Study Committee in Vermont, tasked with examining potential amendments to state 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 state officials and a representative from Vermont Legal Aid, and it will explore 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 also responsible for assessing the potential impacts of these statutory changes on both consumers and dealerships.

The bill outlines the committee's powers and duties, including the provision of administrative and legal assistance from the Department of Motor Vehicles. It mandates that the committee submit a report with findings and recommendations for legislative action by January 15, 2026, and specifies that the committee will be chaired by the Commissioner of Motor Vehicles. Additionally, the bill states that it will take effect on July 1, 2025.