A bill to amend the Federal Aviation Act of 1958 relating to war risk insurance.
PL 94-90 (H.R.8564), enacted 08/09/1975

PUBLIC LAW 94^90—AUG. 9, 1975 
89 STAT. 439 
Public Law 94-90 
94th Congress 
An Act 
To amend the Federal Aviation Act of 1958 relating to war risk insurance. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That (a) section 1306 
of the Federal Aviation Act of 1958 (49 U.S.C. 1536) is amended by 
adding at the end thereof the following new subsection: 
Aug. 9. 1975 
[H.R. 85e4] 
War risk 
insurance, 
extension. 
"INVESTMENT OF REVOLVING FUND 
"(f) Upon the request of the Secretary, the Secretary of the Treas-
ury may invest all or any part of the revolving fund in interest-
bearing securities of the United States. The interest on, and the 
proceeds from the sale or redemption of, any securities held in the 
revolving fund shall be credited to and form a part of the revolving 
fund.". 
(b) That portion of the table of contents contained in the first 
section of such Act which appears under — 
(1) the center heading 
"TITLE XIII—WAB RISK INSURANCE" 
is amended by striking out 
"Sec. 1306. Collection and disbursement of funds." 
and by inserting in lieu thereof 
"Sec. 1306. Collection, disbursement, and investment of funds."; 
and 
(2) the side heading 
"Sec. 1306. Collection, disbursement, and investment of funds." 
is amended by adding at the end thereof the following: 
"(f) Investment of revolving fund.". 
(c) The section heading of section 1306 of such Act is amended by 
striking out 
"COLLECTION AND DISBURSEMENT OF F U N D S " 
and inserting in lieu thereof 
"COLLECTION, DISBURSEMENT, AND INVESTMENT OF FUNDS". 
SEC. 2. Section 1312 of the Federal Aviation Act of 1958 (49 U.S.C. 
1542) is amended by striking out "September 7, 1975", and inserting 
in lieu thereof "May 7,1976". 
SEC. 3. (a) The President shall conduct a full and complete investi-
gation and study of the possible expansion of the war risk insurance 
authorized by title X I I I of the Federal Aviation Act of 1958 (49 
U.S.C. 1531 et seq.), and by other provisions of law, to provide cover-
age for losses and damage resulting from riots, civil disorder, hijack-
ing, or other similar acts. 
(b) In carrying out this section, the President shall consult with 
Consultation 
the Secretaries of Transportation, Defense, and State, and the heads 
of such other departments, agencies, and instrumentalities of the 
Federal Government as he determines necessary. 
Investigation and 
study. 
49 use 1531 
note. 
89 STAT. 440 
PUBLIC LAW 94-90—AUG. 9, 1975 
Report to 
(c) The President shall report to Congress not later than the nine-
Congress, 
tieth day after the date of enactment of this section the results of 
Legislative 
the investigation and study authorized by this section together with 
recommenda- 
hjg recommendations for legislation (if any) which he determines 
*'°°®- 
necessary. 
Approved August 9, 1975. 
LEGISLATIVE HISTORY: 
HOUSE REPORT No, 94-410 (Coram, on Public Works and Transportation). 
CONGRESSIONAL RECORD, Vol. 121 (1975): 
July 29, considered and passed House. 
July 31, considered and passed Senate.