To preserve the continued viability of the United States air transportation system.
(Sec. 102) Establishes an Air Transportation Stabilization Board to issue such Federal credit instruments. Sets forth certain Board and instrument requirements. Requires the Board to ensure that the Government is compensated for its risk in assuming guarantees. Authorizes the Board to enter into contracts under which the Government would participate in any equity gains of a participating corporation or its stockholders.
(Sec. 103) Limits the amount of compensation payable to an air carrier to the amount of its losses for a specified period following September 11, 2001.
(Sec. 104) Requires air carriers receiving Federal credit instruments to limit for two years to the same amount the total compensation (or, in the case of severance pay, double the compensation) of any officer or employee whose total compensation exceeded $300,000 in calendar 2000.
(Sec. 105) Urges the Secretary of Transportation to take appropriate action to ensure the continuation of scheduled air service to all communities, including essential air service to small communities. Authorizes appropriations.
(Sec. 106) Requires the President to report to specified congressional committees on the financial status of the air industry and the amounts of assistance provided under this title to each air carrier.
Title II: Aviation Insurance - Amends Federal transportation law to authorize the Secretary of Transportation to provide insurance and reinsurance against loss or damage arising out of any risk from the operation of an American aircraft or foreign-flag aircraft while in the United States (domestically) (effectively eliminating the Government from insuring or reinsuring such aircraft in international air transportation). Authorizes the Secretary to reimburse an air carrier for any increase in the costs of insurance since September 11, 2001. Sets forth certain insurance requirements, including limiting air carrier liability for losses to no more than $100 million in the aggregate for all claims arising as a result of an act of terrorism. Authorizes the Secretary to extend such insurance requirements to the vendors, agents, and subcontractors of air carriers.
Title III: Tax Provisions - Extends from November 15, 2001, until January 15, 2002, the deadline for an air carrier to make certain airline-related excise tax deposits otherwise due under the Internal Revenue Code between September 10 and November 15, 2001. Declares that nothing in this Act shall be construed to exclude from an air carrier's gross income compensation received under this Act.
Title IV: Victim Compensation - September 11th Victim Compensation Fund of 2001 - Establishes a compensation program, administered by the Attorney General through a Special Master, for any individual who was injured or killed as a result of the terrorist-related aircraft crashes of September 11, 2001. Authorizes appropriations. Sets forth certain program requirements, including restricting air carrier liability for compensatory or punitive damages arising from the terrorist attacks on September 11, 2001, to the limits of liability coverage maintained by the air carrier.
(Sec. 408) Provides a Federal cause of action for damages arising out of the hijacking and subsequent crashes of American Airlines flights 11 and 77, and United Airlines flights 93 and 175, on September 11, 2001. Declares such cause of action shall be the exclusive remedy for damages arising out of such incident.
Title V: Air Transportation Safety - Affirms the President's decision to spend $3 billion on airline safety and security.
(Sec. 502) Declares that Congress is committed to act expeditiously to strengthen airport security and take further measures to enhance the security of air travel.
Title VI: Separability - Declares if any provision of this Act is held invalid that the remainder of such Act shall not be affected.
Committee Hearings Held.
Indefinitely postponed by Senate by Unanimous Consent.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.
Rule H. Res. 244 passed House.
Considered under the provisions of rule H. Res. 244. (consideration: CR H5894-5918)
Rule provides for consideration of H.R. 2926 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments.
DEBATE - The House proceeded with one hour of debate on H.R. 2926.
The previous question was ordered pursuant to the rule.
Mr. DeFazio moved to recommit with instructions to Transportation.
DEBATE - The House proceeded with ten minutes of debate on the motion to recommit with instructions. The instructions contained in the motion require the Committee on Transportation and Infrastructure to report the bill back to the House with a new section 107 providing for a requirement to cover certain employee health insurance costs and, at the end of the bill, to add a new Title providing for screening of passengers and property to be conducted by the FAA.
The previous question on the motion to recommit with instructions was ordered without objection.
Enacted as Public Law 107-42
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On motion to recommit with instructions Failed by the Yeas and Nays: 174 - 239 (Roll no. 347). (consideration: CR H5915-5518; text: CR H5915)
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 356 - 54, 2 Present (Roll no. 348).(The House passed H.R. 2926 on September 21. The Senate passed S.1450, a companion bill to H.R. 2926, on September 21. Unanimous consent agreements in the Senate provided for the House bill to be passed in the Senate if it was identical to the Senate bill. CR 9/21/2001 D917) (text as passed House : CR H5894-5897)
Roll Call #348 (House)On passage Passed by the Yeas and Nays: 356 - 54, 2 Present (Roll no. 348). (The House passed H.R. 2926 on September 21. The Senate passed S.1450, a companion bill to H.R. 2926, on September 21. Unanimous consent agreements in the Senate provided for the House bill to be passed in the Senate if it was identical to the Senate bill. CR 9/21/2001 D917) (text as passed House : CR H5894-5897)
Roll Call #348 (House)Motion to reconsider laid on the table Agreed to without objection.
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 107-42.
Became Public Law No: 107-42.