Page:United States Statutes at Large Volume 116 Part 3.djvu/694

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

116 STAT. 2286 PUBLIC LAW 107-296—NOV. 25, 2002 "(2) PENALTY.—A holder of a license or permit who does not report a theft in accordance with paragraph (1), shall be fined not more than $10,000, imprisoned not more than 5 years, or both.". SEC. 1128. AUTHORIZATION OF APPROPRIATIONS. There is authorized to be appropriated such sums as necessary to carry out this subtitle and the amendments made by this subtitle. TITLE XII—AIRLINE WAR RISK INSURANCE LEGISLATION SEC. 1201. AIR CARRIER LIABILITY FOR THIRD PARTY CLAIMS ARISING OUT OF ACTS OF TERRORISM, Section 44303 of title 49, United States Code, is amended— (1) by inserting "(a) IN GENERAL.— " before "The Secretary of Transportation"; 49 USC 40101 (2) by moving the text of paragraph (2) of section 201(b) note. of the Air Transportation Safety and System Stabilization Act (115 Stat. 235) to the end and redesignating such paragraph as subsection (b); (3) in subsection (b) (as so redesignated)— (A) by striking the subsection heading and inserting " AI R CARRIER LIABILITY FOR THIRD PARTY CLAIMS ARISING OUT OF ACTS OF TERRORISM.—"; (B) in the first sentence by striking "the 180-day period following the date of enactment of this Act, the Secretary of Transportation" and inserting "the period beginning on September 22, 2001, and ending on December 31, 2003, the Secretary"; and (C) in the last sentence by striking "this paragraph" and inserting "this subsection". SEC. 1202. EXTENSION OF INSURANCE POLICIES. Section 44302 of title 49, United States Code, is amended by adding at the end the following: "(f) EXTENSION OF POLICIES. — "(1) IN GENERAL. — The Secretary shall extend through August 31, 2003, and may extend through December 31, 2003, the termination date of any insurance policy that the Department of Transportation issued to an air carrier under subsection (a) and that is in effect on the date of enactment of this subsection on no less favorable terms to the air carrier than existed on June 19, 2002; except that the Secretary shall amend the insurance policy, subject to such terms and conditions as the Secretary may prescribe, to add coverage for losses or injuries to aircraft hulls, passengers, and crew at the limits carried by air carriers for such losses and injuries as of such date of enactment and at an additional premium comparable to the premium charged for third-party casualty coverage under such policy. " (2) SPECIAL RULES. —Notwithstanding paragraph (1)— "(A) in no event shall the total premium paid by the air carrier for the policy, as amended, be more than twice