[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2891 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2891

     To preserve the continued viability of the United States air 
                         transportation system.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 14, 2001

    Mr. Young of Alaska (for himself, Mr. Oberstar, and Mr. Thomas) 
 introduced the following bill; which was referred to the Committee on 
Transportation and Infrastructure, and in addition to the Committee on 
   Ways and Means, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
     To preserve the continued viability of the United States air 
                         transportation system.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DISASTER RELIEF.

    Notwithstanding any other provision of law, the President is 
authorized, from funds made available in subsequent acts, to take the 
following actions to compensate U.S. certificated air carriers for 
losses sustained by air carriers as a result of the events of the 
attack on the United States on September 11, 2001:
            (1) Suspend, delay, or modify any quarterly payment or 
        other Federal financial obligation to the United States of the 
        air carriers.
            (2) Extend credit or guarantees or issue loans to the air 
        carriers that do not in the aggregate exceed $12,500,000,000.
            (3) Compensate up to $2,500,000,000 for direct losses 
        sustained by the air carriers as a result of such events.

SEC. 2. DOCUMENTATION.

    The amount of direct compensation to be made under section 1(3) to 
an air carrier may not exceed the amount of direct losses that the air 
carrier demonstrates to the satisfaction of the President using 
financial statements or other appropriate data that the air carrier 
sustained as a result of any Federal ground stop order issued by the 
Secretary of Transportation on September 11, 2001, or any subsequent 
order which continued such stoppage.

SEC. 3. LIMITATIONS.

    Relief provided under section 1(1) shall be for a period not to 
exceed 6 months from the date of enactment of this Act. The authority 
to provide relief under section 1(1) and section 1(2) shall expire on 
the last day of the 6-month period beginning on such date of enactment.

SEC. 4. REPORT.

    Not later than the last day of the 7-month period following the 
date of enactment of this Act, the President shall transmit a report to 
the Committee on Transportation and Infrastructure and the Committee on 
Ways and Means of the House of Representatives and the Committee on 
Commerce, Science, and Transportation and the Committee on Finance of 
the Senate, the House Committee on the Budget and the Senate Committee 
on the Budget, on the types and amounts of relief provided under this 
Act to each air carrier.
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