U.S. House Committee on Transportation and Infrastructure
U.S. Rep. Don Young, Chairman

 

Contact:  Steve Hansen (Communications Director)  (202) 225-7749

               Justin Harclerode (Communications Assistant)  (202) 226-8767

To:  National Desk/Transportation Reporter

December 11, 2001 

 

Aviation Subcommittee To Mark Up

General Aviation Assistance Legislation

 

Washington, D.C. - The U.S. House Aviation Subcommittee on Thursday will mark up legislation to provide assistance to general aviation entities for direct losses resulting from the federal flight prohibitions enacted in response to the September 11^th attacks.

 

The markup of the Subcommittee, chaired by U.S. Rep. John Mica (R-FL), is scheduled to begin at 10:00 a.m. on Thursday, December 13^th in room 2167 Rayburn House Office Building.  A live audio broadcast of the markup will be available at the Committee’s website:

www.house.gov/transportation

 

H.R. 3347 - “The General Aviation Industry Reparations Act of 2001”

• Provides compensation and assistance to general aviation entities for direct losses as a result of Federal prohibitions on operations in the National Airspace System.

• Modeled after the Air Transportation Safety and System Stabilization Act.
• Authorizes $5 billion in loan guarantees for general aviation entities.
• Compensates general aviation entities for direct losses incurred as a result of the grounding on September 11^th and for incremental losses from September 11^th until the end of the year as a direct result of the terrorist attack.  It gives priority consideration to entities based on the length of time they have been unable to operate.  Limits total compensation to $2.5 billion.
• Designates the amounts above as new budget authority resulting from an emergency to the extent requested by the President.
• The Stabilization Board created to manage the airline loan guarantees shall also manage the loan guarantees under this bill.
• General aviation entities must document their losses.  This documentation will be subject to audit.
• Makes general aviation entities eligible for war risk insurance.
• Defines general aviation entities as non-airline, non-military persons that operate aircraft or provide services to them, or rely on access to the airspace under Part 91 of FAA rules.  It includes fixed based operators, flight schools, manufacturers of general aviation products, and small air charters.

 

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