To amend chapter 443 of title 49, United States Code, to extend the authorization of the aviation insurance program, and for other purposes.
Aviation Insurance Reauthorization Act of 1997 - Amends Federal aviation law with respect to aviation insurance to require the Secretary of Transportation to determine the reasonable value of an aircraft, for insurance purposes, in accordance with reasonable business practices in the commercial aviation insurance industry.
Authorizes the Administrator of the Federal Aviation Administration, upon notification of the Congress, to issue and sell notes or other obligations to the Secretary of the Treasury to carry out Federal aviation insurance and reinsurance programs. Authorizes appropriations for such borrowing authority.
Declares that aviation insurance policies issued by the Secretary of Transportation may authorize the binding arbitration of claims made under them. Authorizes the Secretary to pay the amount of any binding arbitration award.
Extends Federal aviation insurance and reinsurance programs through FY 2002.
Became Public Law No: 105-137.
Introduced in House
Introduced in House
Referred to the House Committee on Transportation and Infrastructure.
Referred to the Subcommittee on Aviation.
Hearings Held by the Subcommittee on Aviation Prior to Introduction (May 1, 97).
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by Voice Vote.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by Voice Vote.
Reported by the Committee on Transportation. H. Rept. 105-244.
Reported by the Committee on Transportation. H. Rept. 105-244.
Placed on the Union Calendar, Calendar No. 140.
Mr. Kim moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules. (consideration: CR H8092-8094)
DEBATE - The House proceeded with forty minutes of debate.
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Condit objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
Laid on the table. See S. 1193 for further action. (consideration: CR H10945)
For Further Action See S.1193.