Aircraft Ownership Transparency Act of 2023

Summary

Aircraft Ownership Transparency Act of 2023 This bill requires the Federal Aviation Administration (FAA) to obtain the identity of all beneficial owners of a covered entity prior to approving an aircraft certificate of registration. A covered entity refers to a person, trust, association, copartnership, corporation, or other public or private entity. A beneficial owner refers to a natural person who directly or indirectly (1) exercises control over the covered entity, or (2) has an interest in or receives substantial economic benefits from the covered entity's assets. Specifically, the FAA must require a covered entity seeking an aircraft certificate of registration to identify each beneficial owner by providing the owner's name and current street address; a unique identifying number from a U.S. passport or a driver's license issued by a state (or a copy of a passport issued by a foreign country if those documents are unavailable); the owner's nationality; and the make, model, and serial number of the aircraft to be registered. The covered entity must also disclose any beneficial owner of the covered entity who is a foreign person. A foreign person is an individual who is not (1) a U.S. citizen, or a (2) non-U.S. national ( alien under federal law) lawfully admitted for permanent residence into the United States.    

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Timeline

1. 10 April 2023

   Introduced

   Referred to the House Committee on Transportation and Infrastructure.

   Source: IntroReferral

2. 10 April 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 April 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 April 2023

   Referred

   Referred to the Subcommittee on Aviation.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 April 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 April 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 April 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 April 2023

  Open at official source

Sponsors

• Rep. Lynch, Stephen F. [D-MA-8] · D · Sponsor
• Rep. Nadler, Jerrold [D-NY-12] · D · Cosponsor
• · hspw00 · Standing

Related records

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