Imported Vehicle Safety Compliance Act of 1988

[AI summary unavailable — showing source text] Imported Vehicle Safety Compliance Act of 1987 - Amends the National Traffic and Motor Vehicle Safety Act of 1966 to repeal the authority of the Secretary of Transportation (the Secretary) and the Secretary of the Treasury to permit the temporary importation of vehicles that do not conform to Federal safety standards. Revises procedures under which certain imported vehicles that do not conform to Federal standards are allowed into the United States upon the importer's compliance with conditions imposed by the Secretary regarding: (1) Federal motor vehicle safety standards; (2) recordkeeping and inspection of records and facilities relating to imported nonconforming vehicles; (3) inspection of non-conforming imported vehicles to ensure compliance with Federal motor vehicle safety standards; (4) payment by registered importers of non-conforming vehicles of a fee to cover the administrative expenses of the Federal compliance program; and (5) the furnishing of evidence by a registered importer of sufficient financial responsibility to meet obligations relating to discovery, notification, and remedy of motor vehicle defects. Allows any individual (not just registered importers) to impor…