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Extension of Non-Premium War Risk Insurance Program for Aviation until 2025.

This legislation extends a federal program that provides war risk insurance coverage for civil aircraft and air carriers. By moving the expiration date to 2025, the government ensures that the aviation industry can maintain operations even when commercial war risk insurance is unavailable or too costly. This stability helps keep air travel and cargo transport reliable and affordable for citizens.
Key points
The critical non-premium war risk insurance program for the aviation sector is extended for two years, from 2023 to 2025.
This extension supports the continuous operation of commercial airlines, ensuring stable air travel and cargo logistics for the public.
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Additional Information
Print number: 118_HR_4762
Sponsor: Rep. Yakym, Rudy [R-IN-2]
Process start date: 2023-07-20