[Weekly Compilation of Presidential Documents Volume 37, Number 39 (Monday, October 1, 2001)]
[Pages 1363-1364]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Provision of Aviation Insurance Coverage for Commercial Air Carrier 
Service in Domestic and International Operations

September 23, 2001

 Presidential Determination No. 2001-29

Memorandum for the Secretary of Transportation

Subject: Provision of Aviation Insurance Coverage for Commercial Air 
Carrier Service in Domestic and International Operations

    By virtue of the authority vested in me by 49 U.S.C. 44302, et seq., 
I hereby:
(1)          determine that continuation of U.S.-flag commercial air 
            service is necessary in the interest of air commerce, 
            national security, and the foreign policy of the United 
            States;
(2)          approve provision by the Secretary of Transportation of 
            insurance to U.S.-flag air carriers against loss or damage 
            arising out of any risk from the operation of an aircraft, 
            and/or reimbursement of insurance cost increases, in the 
            manner and to the extent provided in Chapter 443 of 49 
            U.S.C.,

[[Page 1364]]

            whenever he determines that such insurance cannot be 
            obtained on reasonable terms and conditions from any company 
            authorized to conduct an insurance business in a State of 
            the United States; and
(3)          delegate to the Secretary of Transportation the authority, 
            vested in me by 49 U.S.C. 44306(b), to extend this 
            determination for additional 60-day periods, when he finds 
            that the continued operation of aircraft to be insured or 
            reinsured is necessary in the interest of air commerce or 
            the national security, or to carry out the foreign policy of 
            the United States Government.
    You are directed to bring this determination immediately to the 
attention of all air carriers within the meaning of 49 U.S.C. 40102(2), 
and to arrange for its publication in the Federal Register.
                                                George W. Bush

 [Filed with the Office of the Federal Register, 12:01 p.m., September 
24, 2001]

Note: This memorandum was released by the Office of the Press Secretary 
on September 24, and it was published in the Federal Register on 
September 25.