Bridge loans that come from money already appropriated to the Energy Department -- these are funds originally intended to help the companies retool to make fuel efficient vehicles. The President's designee -- the so-called 'Car Czar' -- will bring together all a company's stakeholders -- creditors, labor, shareholders, management, dealers, etc -- to negotiate a restructuring by March 31. A 30-day extension may be granted if the czar believes the stakeholders are negotiating in good faith and if the czar believes a deal can be reached in that extension. If there's no deal by March 31, the czar is REQUIRED to call the loan, which would send the company into insolvency. If there's no deal by March 31, the czar would be required to propose his own course of action, which could include Chapter 11 bankruptcy reorganization. The legislation will also include taxpayer protections, including, but not limited to, stock warrants and limits on executive compensation.