THE SEPTEMBER 11TH VICTIM COMPENSATION FUND
Public Compensation for a Special Group of Victims
Just eleven days after the September 11, 2001, terrorist attacks, Congress passed a law without precedent in American history. Technically labeled the Air Transportation Safety and Systems Stabilization Act, the new statute provided financial support and loan guarantees to the domestic airline industry, staggered by the events at the World Trade Center, the Pentagon, and Shanksville, Pennsylvania.
In the chaos and confusion following the national tragedy, the airline industry had rushed to Congress for help. Its representatives warned that in the wake of the attacks, the public would shun domestic and international airline travel. The industry ...