Airline Bailout. The supplemental appropriations bill for fiscal 2002 (H.R. 4775) contained a provision that would have capped the amount of federal loan guarantees available to airlines for the remainder of the fiscal year. The Congressional Budget Office estimated that this provision would have lowered the total cost of the bill by $393 million in fiscal 2002.
Sen. Robert Byrd (D-W.V.) introduced an amendment to strike this provision of the bill. The Senate adopted his amendment on June 4, 2002 by a vote of 91 to 4 (Roll Call 131). We have assigned pluses to the nays.