“For nearly five decades, the U.S. had just one system for regulating automobiles — and this system did not distinguish between companies that produce millions of vehicles per year and a small business making a few custom cars.

Normally, federal law prevents a person from selling any new motor vehicle or motor vehicle equipment in the U.S. unless it complies with the Federal Motor Vehicle Safety Standards. This regulatory structure places heavy burdens on small companies that seek to build and sell replica cars, as these small companies are subject to the same regulations, testing requirements and paperwork as large auto manufacturers.”

To view full article, click here. *subscription required