Requests the House Committee on Commerce to study the state of the automotive manufacturing industry in the state of Louisiana since the onset of the most recent worldwide economic downturn
Impact
The resolution seeks to uncover and assess the current status of the automotive manufacturing industry in Louisiana, which is crucial given its past struggles and the dependence of many communities on the economic revival of this sector. By investigating the operations of the Revitalizing Auto Communities Environmental Response Trust (RACER) and its impact on the industry, the committee aims to identify and report on potential barriers that may impede effective manufacturing and job creation in the area.
Summary
House Resolution 37 urges the House Committee on Commerce to conduct a thorough study of the automotive manufacturing sector in Louisiana, specifically since the recent global economic downturn began in 2008. This resolution highlights the historical challenges faced by the state’s automotive industry, including significant job losses and the closure of the General Motors plant in Shreveport. It emphasizes the need for increased transparency concerning the agreements for automobile production that have yet to materialize and the potential effects of these delays on the local economy and employment opportunities.
Sentiment
Discussion around HR37 appears to convey a proactive sentiment focusing on revitalization and recovery. Lawmakers supporting this resolution likely view the study as a necessary step toward uncovering critical issues that hinder the automotive sector's growth and sustainability. There seems to be a general consensus on the importance of the automotive industry for job creation and economic improvement, with the potential benefits being a central focal point for proponents of the resolution.
Contention
While the resolution itself does not outline contentious points, concerns may arise regarding the effectiveness of the RACER's management and the viability of bringing manufacturing back to Louisiana. Stakeholders are likely to have differing views on the strategies needed to stimulate growth in the automotive sector, potentially leading to debates over resource allocation and future development plans.
Directs the House Committee on Commerce to further investigate the current condition of economic development in this state concerning the RACER Trust's fulfillment of fiduciary obligations regarding the former General Motors Shreveport plant and operations
Memorializes the United States Congress to investigate the current condition of economic development in the state of Louisiana concerning the RACER Trust's fulfillment of fiduciary obligations regarding the former General Motors Shreveport plant and operations
Requests a study on the financial and workforce impact of the closure of the Shreveport General Motors' truck plant facility and the economical impact that the automobile manufacturing industry has on this state
Memorializes the United States Congress to investigate the current condition of economic development in the state of Louisiana concerning the RACER Trust's fulfillment of fiduciary obligations regarding the former General Motors Shreveport plant and its operations
Requests the Department of Economic Development and the Department of Revenue to develop an incentive package that will make Louisiana the domestic prescription drug manufacturing leader for the United States.
Provides for the examination relative to the fiduciary duties of the RACER trust and constitutionality of the current lease agreement for the General Motors Shreveport plant
Provides for examination relative to the fiduciary duties of the RACER trust and constitutionality of the current lease agreement for the General Motors Shreveport plant
Provides for examination relative to the fiduciary duties of the RACER trust and constitutionality of the current lease agreement for the General Motors Shreveport plant