[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3055 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 3055

To preserve the continued viability of certain businesses which are an 
            integral part of the air transportation system.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 5, 2001

   Mr. Shaw (for himself and Mr. Carson of Oklahoma) introduced the 
 following bill; which was referred to the Committee on Transportation 
                           and Infrastructure

_______________________________________________________________________

                                 A BILL


 
To preserve the continued viability of certain businesses which are an 
            integral part of the air transportation system.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Car Rental Firms Stabilization 
Act''.

SEC. 2. DISASTER RELIEF.

    (a) In General.--Notwithstanding any other provision of law, the 
President and the Air Transportation Stabilization Board (established 
under section 102 of the Air Transportation Safety and System 
Stabilization Act), shall take the following actions to compensate car 
rental firms for losses incurred as a result of the terrorist attacks 
that occurred on September 11, 2001, and the resulting decline in air 
travel. Subject to such terms and conditions as the President and the 
Air Transportation Stabilization Board may determine, issue Federal 
credit instruments to car rental firms that do not, in the aggregate, 
exceed $1,500,000,000 and provide the subsidy amounts necessary for 
such instruments in accordance with the provisions of the Federal 
Credit Reform Act of 1990 (20 U.S.C. 661 et seq.).
    (b) Emergency Designation.--Congress designates the amount of new 
budget authority and outlays in all fiscal years resulting from this 
title as an emergency requirement pursuant to section 252(e) of the 
Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 
901(e)). Such amount shall be available only to the extent that a 
request, that includes designation of such amount as an emergency 
requirement as defined in such.

SEC. 3. DEFINITION.

    For purposes of this Act, the term ``car rental firms'' means 
persons or companies in the business of renting or leasing motor 
vehicles for 60 days or less operating at commercial airports.
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