Travelers Security Act of 1986

[AI summary unavailable — showing source text] Travelers Security Act of 1986 - Title I: Transportation Security Trust Fund - Amends the Internal Revenue Code to establish a Transportation Security Trust Fund (the Fund) in the Treasury. Imposes a one-half of one percent tax on the amount paid for transportation of any person by air, rail, or bus by common carrier within the United States. Title II: Transportation Security Program - Authorizes the Secretary of Transportation (the Secretary) to make a grant from the Fund to the operator of a transportation facility for the implementation of an approved security program. Authorizes the Secretary to make a loan from the Fund to the operator of a high risk foreign airport for the implementation of an approved security program. Requires the Secretary to publish a list of high risk foreign airports which shall include all foreign airports that present a greater than ordinary risk of terrorism to a significant number of U.S. citizens. Requires the operator of a transportation facility or high risk foreign airport, before applying for such a grant, to have a security systems analysis prepared for the facility or airport. Requires such analysis to be conducted by a person who is approved…