Chrysler Corporation Loan Guarantee Act of 1979

[AI summary unavailable — showing source text] Chrysler Corporation Loan Guarantee Act of 1979 - Establishes a Chrysler Review Board composed of the Secretary of the Treasury, the Secretary of Commerce, the Secretary of Labor, one member of the Board of Governors of the Federal Reserve System, and three individuals with business experience in the automobile industry appointed by the President. Designates the Secretary of the Treasury as Chairperson of the Board. Authorizes the Board to enter commitments to guarantee loans made to Chrysler, its affiliates, or other entities borrowing funds for the use of Chrysler. Requires the Board, before issuing a commitment, to determine that: (1) such a commitment is needed to enable Chrysler to continue to operate and the failure to meet this need would adversely and seriously affect the employment or economic situation in the United States or any of its regions, or the degree of competition in the automobile industry; (2) Chrysler has submitted a feasible operating plan for its 1980 fiscal year and the next three fiscal years demonstrating its ability to continue as a going concern in the automobile business without additional Federal assistance after December 31, 1983; (3) Chrysler has s…