A bill 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 law governing aviation insurance programs to require the Secretary of Transportation to determine the values of aircraft insurance and maximum insured amounts in accordance with reasonable business practices in the commercial aviation insurance industry.
Provides that if an indemnity agreement made between the Secretary and a designated agency head is countersigned by the President (or the President's designee), it shall constitute a determination that continuation of the pertinent aircraft operations is necessary to implement U.S. foreign policy.
Authorizes binding arbitration of claims for insurance policies issued by the Secretary.
Extends the Secretary's authority to provide aviation insurance and reinsurance through December 31, 1998.
Treats as a public aircraft any aircraft owned by the U.S. Government and operated by any person for purposes related to crew training, equipment development, or demonstration.
For Further Action See S.1193.
Committee on Commerce. Reported to Senate by Senator McCain with an amendment in the nature of a substitute. With written report No. 105-140.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 274.
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S12207)
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S12207)
Sponsor introductory remarks on measure. (CR S12408)
Received in the House.
Held at the desk.
Message on Senate action sent to the House.
Mr. Armey asked unanimous consent to take from the Speaker's table and consider.
Considered by unanimous consent. (consideration: CR H10945-10946)
Passed/agreed to in House: On passage Passed without objection.
On passage Passed without objection.
Enacted as Public Law 105-137
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Motion to reconsider laid on the table Agreed to without objection.
A similar measure H.R. 2036 was laid on the table without objection.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 105-137.
Became Public Law No: 105-137.