To amend the Federal Aviation Act of 1958 to limit acquisitions of control of air carriers to ensure fitness.

Summary

Amends the Federal Aviation Act of 1958 to prohibit a person from acquiring control of an air carrier unless the Secretary of Transportation finds that such acquisition would not result in an increase in the carrier's debt-to-equity ratio to a level greater than one-to-one. Declares that the Secretary may approve an acquisition of control of an air carrier which would result in a debt-to-equity ratio increase to a level greater than one-to-one if the Secretary finds that: (1) such air carrier would continue to be fit, willing, and able following such acquisition; and (2) such acquisition would not be to the detriment of the public interest.

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Timeline

1. 11 May 1989

   Introduced

   Referred to the House Committee on Public Works + Transportation.

   Source: IntroReferral

2. 11 May 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 May 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 May 1989

   Referred

   Referred to the Subcommittee on Aviation.

   Source: Committee

5. 22 May 1989

   Committee

   Executive Comment Requested from DOT and OMB.

   Source: Committee

6. 3 October 1989

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 18 October 1989

   Committee

   See H.R.3443.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 May 1989

  Open at official source

Sponsors

• Rep. Carr, Bob [D-MI-6] · D · Sponsor
• Rep. Sabo, Martin Olav [D-MN-5] · D · Sponsor
• Rep. Broomfield, William S. [R-MI-19] · R · Sponsor
• Rep. Davis, Robert W. [R-MI-11] · R · Sponsor
• Rep. Traxler, Bob [D-MI-8] · D · Sponsor
• JOHN CONYERS · D · Sponsor
• Rep. Wolpe, Howard E. [D-MI-3] · D · Sponsor
• Rep. Ford, William D. [D-MI-15] · D · Sponsor
• Rep. Kildee, Dale E. [D-MI-7] · D · Sponsor
• Rep. Schuette, Bill [R-MI-10] · R · Sponsor
• Rep. Henry, Paul B. [R-MI-5] · R · Sponsor
• Rep. Stangeland, Arlan [R-MN-7] · R · Cosponsor
• SANDER LEVIN · D · Cosponsor
• Rep. Dorgan, Byron L. [D-ND-At Large] · D · Cosponsor
• Rep. Hertel, Dennis M. [D-MI-14] · D · Cosponsor
• Rep. Towns, Edolphus [D-NY-11] · D · Cosponsor
• Rep. Vento, Bruce F. [D-MN-4] · D · Cosponsor
• Rep. Ackerman, Gary L. [D-NY-7] · D · Cosponsor
• JOHN LEWIS · D · Cosponsor
• Rep. Sikorski, Gerry E. [D-MN-6] · D · Cosponsor
• Rep. Pease, Donald J. [D-OH-13] · D · Cosponsor
• Rep. Boehlert, Sherwood [R-NY-25] · R · Cosponsor
• Rep. Mineta, Norman Y. [D-CA-13] · D · Cosponsor
• PETER DEFAZIO · D · Cosponsor
• · hspw00 · Standing

Related records

• related to ← To amend the Federal Aviation Act of 1958 to provide for review of certain acquisitions of voting securities of air carriers, and for other purposes.
• related to ← A bill to amend the Federal Aviation Act of 1958 to prohibit the acquisition of a controlling interest in an air carrier unless the Secretary of Transportation has made certain determinations concerning the effect of such acquisition on aviation safety.