Car Rental Firms Stabilization Act
Last action on Oct 9, 2001Referred to the Subcommittee on Aviation.
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Summary
Car Rental Firms Stabilization Act - Directs the President and the Air Transportation Stabilization Board to issue Federal credit instruments (including subsidy amounts for such instruments) to car rental firms to compensate them in the aggregate of $1.5 billion for losses incurred as a result of the terrorist attacks that occurred on September 11, 2001. Designates the amount of new budget authority and outlays in all fiscal years resulting from this title as an emergency requirement pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).
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