Summary: S.1578 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for S.1578. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (10/25/2001)

American Travel Industry Stabilization Act - Directs the President to issue Federal credit instruments, amounting in the aggregate up to $5 billion, to compensate eligible travel-related businesses that were injured by the Government shutdown of the airline industry following the terrorist attacks on the United States that occurred on September 11, 2001.

Requires the Air Transportation Stabilization Board to review and make recommendations to the President with respect to applications for such instruments. Sets forth certain Board and instrument requirements.