Exclusion for auto dealers

Except as permitted in subsection (b), the Bureau may not exercise any rulemaking, supervisory, enforcement or any other authority, including any authority to order assessments, over a motor vehicle dealer that is predominantly engaged in the sale and servicing of motor vehicles, the leasing and servicing of motor vehicles, or both. Subsection (a) shall not apply to any person, to the extent that such person— operates a line of business— in which— Except as provided in subsections (b) and (d), nothing in this title,11 See References in Text note below. including subtitle F, shall be construed as modifying, limiting, or superseding the operation of any provision of Federal law, or otherwise affecting the authority of the Board of Governors, the Federal Trade Commission, or any other Federal agency, with respect to a person described in subsection (a). Notwithstanding section 57a of title 15, the Federal Trade Commission is authorized to prescribe rules under sections 45 and 57a(a)(1)(B) of title 15.22 So in original. The period probably should be a comma. in accordance with section 553 of title 5, with respect to a person described in subsection (a). The Board of Governors and the Federal Trade Commission shall coordinate with the Office of Service Member Affairs, to ensure that— For purposes of this section, the following definitions shall apply: The term “motor vehicle” means— The term “motor vehicle dealer” means any person or resident in the United States, or any territory of the United States, who—