S. 2964 would reauthorize the Federal Aviation Administration's (FAA's) Aviation War Risk Insurance Program through December 31, 2020. The program provides free insurance to certain air carriers engaged in operations that are deemed essential to the foreign policy or national security interests of the United States.

Under current law, the FAA is authorized to issue such insurance through September 30, 2023. Because the insurance may be offered under current law through December 31, 2020, CBO estimates that implementing S. 2964 would have no effect on the federal budget.

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CBO - Congressional Budget Office published this content on 17 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2020 22:03:06 UTC