A framework may be in place as early as next week to restructure General Motors ( GM) and Chrysler, two lawmaker told Reuters.

Michigan Representatives Sander Levin, a Democrat, and Candice Miller, a Republican, told Reuters in separate interviews the Obama administration's auto task force also was closing in on recommendations to help suppliers, perhaps before the end of the month.

Levin and Miller, along with other lawmakers, met with task force members earlier this week.

The group was told the panel could have a report ready as early as next week that maps out recommendations for restructuring the automakers and the government's role in a turnaround, Reuters reports.

Levin said the report from the task force won't be the final step but could be "something significant," adding different recommendations could be made for each automaker since the circumstances of each is different, Reuters reports.

GM and Chrysler have received $17.4 billion in government loans to stay alive and have requested a total of $39 billion.

If you liked this article you might like

GM, Teva, Facebook and Other New Jana Partners Positions

GM, Teva, Facebook and Other New Jana Partners Positions

Amazon, AmerisourceBergen and Everything Else You Need to Know Before You Trade

Amazon, AmerisourceBergen and Everything Else You Need to Know Before You Trade

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

It Makes Sense That Ford Is Boosting Production of $70,000 Lincoln Navigator

It Makes Sense That Ford Is Boosting Production of $70,000 Lincoln Navigator

Jim Cramer: We Are in a Bitter Adjustment Period

Jim Cramer: We Are in a Bitter Adjustment Period