HR 2926 - Airline Industry Financial Assistance bill - National Key Vote

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NOTE: THIS VOTE PASSED BY UNANIMOUS CONSENT, MEANING NO MEMBER OBJECTED TO THE PASSAGE OF THE VOTE. THIS DOES NOT NECESSARILY INDICATE THAT ALL MEMBERS FAVORED THE VOTE'S OUTCOME.

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Title: Airline Industry Financial Assistance bill

Vote Smart's Synopsis:

Vote to pass a bill that would compensate the airline industry from the fallout resulting form the September 11, 2001 terrorist attacks.

Highlights:

  • Provides $5 billion in grants, and up to $10 billion in loans to US passenger and cargo airlines.
  • Establishes a victim compensation program for those killed or injured by the terrorist attacks of September 11, and for their survivors.
  • Limits airline carrier liability for the attacks of September 11 to the amount of insurance coverage they had for such incidents.
  • Extends the deadline for airline tax payments until January 15, 2002.

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