Congressman Yakym’s Aviation War Risk Insurance Extension Legislation Passes T&I Committee
| Washington, D.C. – Today, the House Transportation and Infrastructure Committee passed H.R. 4762, legislation sponsored by Congressman Yakym (IN-02) and Congresswoman Emilia Sykes (OH-13), during the Full Committee’s Markup. H.R. 4762 extends the Federal Aviation Administration’s (FAA) non-premium war risk insurance program through Fiscal Year 2025. “In an increasingly volatile world, making sure our military has every tool needed to carry out their mission and plan for every contingency has never been more important,” said Congressman Yakym. “I am proud to work with Congresswoman Sykes in a bipartisan manner to extend this important FAA program that advances our national security priorities and helps ensure military readiness for any and all threats they may face.” “I’m proud to co-lead this critical, bipartisan legislation which bolsters our national security and military preparedness by ensuring our civilian airlines are equipped to answer the call of the Civil Reserve Air Fleet,” said Congresswoman Sykes. “The Civil Reserve Air Fleet has only been activated three times in our history: to help support our troops during the First Gulf War, during Operation Iraqi Freedom, and most recently to help evacuate American citizens and our brave Afghan allies, who risked everything – their homes, their families, and their safety – in service of American diplomacy and our brave women and men in uniform. I will continue to work with my colleagues from both parties to make our country is prepared to face the security challenges of an increasingly complex world.” “Congressman Yakym’s bill is a commonsense extension of an FAA program that will allow U.S. air carriers, when necessary, to continue supporting the U.S. government and U.S. military around the world,” said Transportation and Infrastructure Committee Chairman Sam Graves. “I appreciate Congressman Yakym’s leadership on this important measure that is critical to our Nation’s defense readiness and our government’s objectives.” Watch Congressman Yakym’s remarks in support of his legislation today HERE. Background: -The FAA provides non-premium war risk insurance to air carriers contracting with the Department of Defense (DOD) and other agencies for official purposes when private war risk insurance is not commercially available on reasonable terms. -The FAA provides non-premium war risk insurance to private air carriers contracting with the Department of Defense (DOD) and other agencies to help move personnel, cargo, relief supplies, and other goods both domestically and internationally when airlift needs exceed available capacity. |