To amend title 49, United States Code, to extend the aviation war risk insurance program.

[AI summary unavailable — showing source text] Amends federal transportation law to authorize through December 31, 2011, the extension of the Secretary of Transportation's authority to: (1) issue war risk insurance policies to air carriers; and (2) certify that an air carrier is a victim of an act of terrorism and not liable for losses suffered by third parties that exceed $100 million, as well as immunity from punitive damages (with the federal government responsible for any liability above $100 million).…