Henry Waxman: “GM has known for years about this safety defect and has failed to take appropriate action to fix the problem.”

But yesterday Takata responded that, quote, 'the currently available reliable information does not support a nationwide determination of a safety defect,' end quote.

We need to make sure that companies and regulators can keep pace with innovation.

We know that at least five people are dead and dozens have been injured by these defective airbags.

Our bill provides more resources to give them the additional enforcement authority and increases the fines for manufacturers that violate vehicle safety laws.