The Aviation Industry Stabilization and Reform Act, which is expected to go to the House floor, calls for forming an air cargo working group with representatives from the Transportation Security Administration, airlines, indirect air carriers and shippers. The TSA would then submit its findings to TSA.
The bill also calls for extension on war risk insurance by limiting airline liability for third-party damages up to $100 million in the event of terrorism. The bill also would also reopen an application time for carriers to apply for loan guarantees in the event of war with Iraq, and calls on the Under Secretary of TSA to study blast-resistant cargo container technology.
Rep. John Mica, R-Fla, who sponsored the bill, said the legislation would cut costs, and allow industry and government to fairly share the security burden. “If we fail to act, the airline industry could be another victim of the Sept. 11 attacks,” he said
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now