this bill also provides critical stopgap insurance assistance for the airlines. Is it the gentleman's understanding that any assistance by the Secretary of Transportation is intended to be short term and focused on addressing the uncertainty about further losses from an act of terrorism or war, and that it is not intended to displace the private sector market or be a long-term general insurance program?
Hon. Michael G. Oxley: “this bill also provides critical stopgap insurance assistance for the airlines. Is it the gentleman's understanding that…”
Editor's note · Context
Discussing insurance assistance for airlines in the context of post-9/11 recovery efforts.
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