ABSTRACT

Homeland Security: 9/11 Victim Relief Funds [Updated December 10, 2004]   [open pdf - 91KB]

From the Summary: "In the first days following the terrorist attacks of September 11, 2001 an unprecedented number of Americans contributed over $2.7 billion in donations to assist in the relief of victims. According to a 2004 Rand Corporation study, that money amounted to only a modest share (7%) of the $38.1 billion 'quantified benefits' provided to victims of the terrorist attacks. The Rand study reported that payments worth $19.6 billion (51%) were disbursed by insurers and $15.8 billion (42%) were disbursed by government programs. The federal government responded to the attacks in various ways. In the first week after the disaster, Congress passed the 2001 Emergency Supplemental Appropriations Act for Recovery from and Response to Terrorist Attacks on the United States (P.L. 107-38), part of which provided at least $20 billion for disaster recovery in New York, Virginia and Pennsylvania. Twelve days after the attack, the September 11th Victim Compensation Fund of 2001 (P.L. 107-42) became law. This program was intended to compensate any individual (or the personal representative of a deceased individual) who was physically injured or killed as a result of the attack. [...] This report also discusses the amounts of money collected and distributed by some of the larger victim relief funds such as the New York State's World Trade Center Relief Fund Distribution, the Twin Towers Fund, the Red Cross Liberty Disaster Relief Fund and several Firefighters and Police Relief Funds."

Report Number:
CRS Report for Congress, RL31716
Author:
Publisher:
Date:
2004-12-10
Copyright:
Public Domain
Retrieved From:
The University of North Texas Libraries: http://digital.library.unt.edu/
Format:
pdf
Media Type:
application/pdf
URL:
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