A bill to amend the Federal Aviation Act of 1958 relating to war risk insurance.

[AI summary unavailable — showing source text] Authorizes the Secretary of the Treasury to invest all or a part of the war risk insurance revolving fund established under the Federal Aviation Act of 1958 in interest-bearing securities of the United States. Provides that any interest derived from such investment shall be credited to the revolving fund. Extends to September 30, 1980 the authority of the Secretary of Transportation to provide insurance and reinsurance against loss or damage arising out of war risks to air commerce. (Amends 49 U.S.C. 1536, 1542)…