Air Transportation Safety and System Stabilization Act
Latest action · Sep 22, 2001 Became Public Law No: 107-42.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 21, 2001
- Passed HouseSep 21, 2001
- Passed SenateSep 21, 2001
- To the PresidentSep 21, 2001
- Became lawSep 22, 2001Public Law 107-42
Summary
(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.
Recorded votes 2
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 348 | On Passage | Passed356–54 | Sep 21, 2001 |
| House 347 | On Motion to Recommit with Instructions | Failed174–239 | Sep 21, 2001 |
Cosponsors
Members who signed on, in the order they did.
Committees 4
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Transportation and Infrastructure Committee | Referred Sep 21, 2001 |
| House | Ways and Means Committee | Referred Sep 21, 2001 |
| House | Judiciary Committee | Referred Sep 21, 2001 |
| House | Budget Committee | Referred Sep 21, 2001 |
Actions 19
Everything that happened, newest first.
- Sep 22, 2001Signed by President.
- Sep 22, 2001Became Public Law No: 107-42.
- Sep 21, 2001Introduced in House
- Sep 21, 2001Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Ways and Means, the Judiciary, and the Budget, 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.
- Sep 21, 2001Rules Committee Resolution H. Res. 244 Reported to House. 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.
In the Congressional Record 9
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimates 2
- Nov 30, 2001H.R. 2926, Air Transportation Safety and System Stabilization Act<p>Pay-as-you-go estimate for the bill as cleared by the Congress on September 21, 2001</p>
- Nov 30, 2001H.R. 2926, Air Transportation Safety and System Stabilization ActPay-as-you-go estimate for the bill as cleared by the Congress on September 21, 2001
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 107-66 | THE STATE OF THE U.S. TOURISM INDUSTRY89 pages | Energy and Commerce Committee | Oct 17, 2001 |
CRS reports 13
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
About this bill 2
Products that name it in their title: its number, its law number or one of its short titles.
| Product | Title | Kind | Published |
|---|---|---|---|
| R45969 | The September 11th Victim Compensation Fund (VCF) | Report | Jan 8, 2024 |
| R45808 | The September 11th Victim Compensation Fund (VCF): Background and Potential Reauthorization Archived | Report | Jul 15, 2019 |
Also cite it 11
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R46277 | Federal Assistance to Troubled Industries: Selected Examples | Report | Mar 19, 2020 |
| R43413 | Costs of Government Interventions in Response to the Financial Crisis: A Retrospective Archived | Report | Sep 12, 2018 |
| IF10227 | The September 11, 2001 Terrorist Attacks:Reauthorization of Health and Injury Compensation Programs Archived | Resource | May 13, 2015 |
| R43715 | Aviation War Risk Insurance: Background and Options for Congress Archived | Report | Sep 5, 2014 |
| RL33579 | The Public Health and Medical Response to Disasters: Federal Authority and Funding Archived | Report | Apr 29, 2009 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 244 | Providing for consideration of the bill (H.R. 2926) to preserve the continued viability of the United States air transportation system. | Procedurally related | Sep 21, 2001 |
| S 1450 | Air Transportation Safety and System Stabilization Act | Identical bill | Sep 22, 2001 |
| HR 2891 | To preserve the continued viability of the United States air transportation system. | Related bill | Sep 19, 2001 |
Titles 11
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To preserve the continued viability of the United States air transportation system.
- Short Titles as Introduced
- Air Transportation Safety and System Stabilization Act
- Short Titles as Passed House
- Air Transportation Safety and System Stabilization Act
- Short Titles as Enacted
- Air Transportation Safety and System Stabilization Act
- Short Titles as Introduced for portions of this bill
- September 11th Victim Compensation Fund of 2001
- Short Titles as Passed House for portions of this bill
- September 11th Victim Compensation Fund of 2001
- Short Titles as Enacted for portions of this bill
- September 11th Victim Compensation Fund of 2001
- Popular Titles
- Airline Industry Financial Assistance bill
- Bailout of Airlines bill
- Airline Bailout bill
- Victim Compensation Fund bill
Subjects
Assigned by the Library of Congress. Policy area: Transportation and Public Works.
- Access to airports
- Administrative remedies
- Air cargo
- Air piracy
- Airline employees
- Airline passenger traffic
- Airlines
- Airports
- Auditing
- Aviation insurance
- Aviation safety
- Bombings
- Business records
- Civil actions and liability
- Claims
- Commerce
- Commercial aircraft
- Compensation (Law)
- Compensation for victims of crime
- Congress
- Congressional investigations
- Congressional reporting requirements
- Crime and Law Enforcement
- Damages
- Department of Defense
- Department of Justice
- Disaster relief
- EBB Terrorism
- Economics and Public Finance
- Emergency Management
- Employee stock options
- Excise tax
- Executive compensation
- Executive reorganization
- Federal aid to transportation
- Federal office buildings
- Federally-guaranteed loans
- Finance and Financial Sector
- Financial statements
- Flight crews
- Fringe benefits
- Government and business
- Government lending
- Government Operations and Politics
- Government paperwork
- Housing and Community Development
- Income tax
- Insurance premiums
- Insurance rates
- International Affairs
- Labor and Employment
- Law
- Legislation
- Liability for aircraft accidents
- Liability insurance
- New York City
- Office buildings
- Pennsylvania
- Punitive damages
- Railroad retirement plans
- Reinsurance
- Revolving funds
- Salaries
- Security measures
- September 11, 2001
- Severance pay
- Social security taxes
- Social Welfare
- Sparsely populated areas
- Stocks
- Subcontractors
- Tax administration
- Taxation
- Terrorism
- Transportation and Public Works
- Victims of terrorism
- Virginia
- Withholding tax
Text 3
Each version as it was printed, newest first.
- —Enrolled Bill
- Sep 21, 2001Introduced in House
- Sep 21, 2001Engrossed in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
