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Bailing Out Congress: An Assessment and Defense of the Air Transportation Safety and System Stabilization Act of 2001 |
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Jonathan Lewinsohn [View as PDF]
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115 Yale L.J. 438 (2005)
This Note provides the first detailed account of the conception, impact, and success of the Air Transportation Safety and System Stabilization Act (ATSSSA) of 2001, an $18 billion federal bailout of the airline industry passed eleven days after the terrorist attacks of September 11. The Note argues that, far from seeking to rehabilitate the commercial aviation industry, Congress hoped only to stabilize the airlines briefly and reassure the nation without severely distorting long-term market forces. In accomplishing this, the Note argues, the ATSSSA has established itself as a model of disaster-response legislation that can be turned to in the unfortunate event of future need.
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