[House Document 107-129]
[From the U.S. Government Publishing Office]



107th Congress, 1st Session - - - - - - - - - - - House Document 107-129 


 
  FUNDS FOR THE DEPARTMENT OF TRANSPORTATION'S COMPENSATION FOR AIR 
                           CARRIERS ACCOUNT

                               __________

                             COMMUNICATION

                                  from

                   THE PRESIDENT OF THE UNITED STATES

                              transmitting

PURSUANT TO THE AIR TRANSPORTATION SAFETY AND SYSTEM STABILIZATION ACT, 
  FUNDS WILL BE PROVIDED TO THE DEPARTMENT OF TRANSPORTATION'S 
  COMPENSATION FOR AIR CARRIERS ACCOUNT




   October 2, 2001.--Referred to the Committee on Appropriations and 
                         ordered to be printed
                               __________

                    U.S. GOVERNMENT PRINTING OFFICE
99-012                     WASHINGTON : 2001

                                           The White House,
                                    Washington, September 25, 2001.
Hon. J. Dennis Hastert,
Speaker of the House of Representatives,
Washington, DC.
    Dear Mr. Speaker: In accordance with provisions of Public 
Law 107-42, the Air Transportation Safety and System 
Stabilization Act, I am providing up to $5 billion to the 
Department of Transportation's Compensation for Air Carriers 
account. These funds are urgently needed to enable the Nation's 
air carriers to meet the challenges resulting from the 
terrorist attacks of September 11, 2001.
    I designate the entire $5 billion as an emergency 
requirement in accordance with section 252(e) of the Balanced 
Budget and Emergency Deficit Control Act of 1985, as amended. 
In addition, I have delegated the authority vested under 
section 101(a)(2) of the Air Transportation Safety and System 
Stabilization Act to the Secretary of Transportation.
    The funds contained in this designation are intended to 
stabilize the air transportation industry and compensate air 
carriers for direct losses resulting from the Secretary of 
Transportation's order to ground all aircraft immediately 
following the attacks, as well as any similar orders that may 
be issued in the future.
    The details of this request are set forth in the enclosed 
letter from the Director of the Office of Management and 
Budget. I concur with his comments and observations.
            Sincerely,
                                                    George W. Bush.
    Enclosure.
               [Estimate No. 16, 107th Cong., 1st Sess.]

                 Executive Office of the President,
                           Office of Management and Budget,
                                Washington, DC, September 25, 2001.
The President,
The White House.
    Submitted for your consideration is a request to make 
available contingent emergency funds.
    P.L. 107-42, the Air Transportation Safety and System 
Stabilization Act, which you signed into law on September 22, 
2001, provides funding contingent upon your submission of a 
finding to the Congress that designates the amount requested as 
an emergency requirement. Specifically, the Act provides up to 
$5.0 billion in grants to compensate air carriers for direct 
losses resulting from the September 11th order by the Secretary 
of Transportation to ground all aircraft, and any similar 
orders that may be issued in the future. The funding is also 
designed to compensate air carriers for any incremental losses 
between September 11th and December 31st resulting from 
terrorist attacks.
    Consistent with a Presidential Delegation of Authority, 
which has been prepared for your concurrent review granting the 
Secretary of Transportation authority to administer the 
program, I recommend that you designate the release of the 
entire $5.0 billion as an emergency requirement in accordance 
with section 252(e) of the Balanced Budget and Emergency 
Deficit Control Act of 1985, as amended. Upon release of the 
emergency funding, OMB will work in a timely manner with the 
Department of Transportation to apportion the funds as needed. 
No further congressional action will be required.
    I have carefully reviewed this proposal and am satisfied 
that it is necessary at this time. Therefore, I join the 
Secretary of Transportation in recommending that you transmit 
the request to the Congress.
            Sincerely,
                                  Mitchell E. Daniels, Jr.,
                                                          Director.
    Enclosure.

    Amounts Previously Appropriated Made Available by the President 
Pursuant to Section 252(e) of the Balanced Budget and Emergency Deficit 
                    Control Act of 1985, as Amended

Department of Transportation:
    Office of the Secretary--Compensation for Air 
      Carriers: such sums as may be necessary, up to....  $5,000,000,000

    P.L. 107-42, the Air Transportation Safety and System 
Stabilization Act, provides $5.0 billion for the Department of 
Transportation's Compensation for Air Carriers account. This 
funding was provided contingent upon the President's submission 
of a finding to the Congress that designates the amount 
requested as an emergency requirement. The President has so 
designated and made available up to $5.0 billion for the 
Department of Transportation to compensate air carriers for 
direct losses resulting from the September 11th order by the 
Secretary of Transportation to ground all aircraft immediately 
following the attacks, and any similar orders that may be 
issued in the future. The funding is also designed to 
compensate air carriers for any incremental losses between 
September 11th and December 31st resulting from terrorist 
attacks.
                                           The White House,
                                    Washington, September 25, 2001.
Memorandum for the Secretary of Transportation
Subject: Delegation of Authority to Compensate Air Carriers for Losses 
        Resulting from the Terrorist Attacks of September 11, 2001

    By the authority vested in me as President by the 
Constitution and laws of the United States of America, 
including section 101 of the Air Transportation Safety and 
System Stabilization Act (Public Law 107-42) (the ``Act''), and 
section 301 of title 3, United States Code, I hereby delegate 
to the Secretary of Transportation the authority vested in the 
President under section 101(a)(2) of the Act to compensate air 
carriers for the direct and incremental losses they incurred 
from the terrorist attacks of September 11, 2001, and any 
resulting ground stop order.
    You are authorized and directed to publish this memorandum 
in the Federal Register.

                                                    George W. Bush.

                                  
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