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United States · Bill · HR

H.R. 3443 (101st)

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.

openUnited States· United States Congress· EN

Introduced

11 October 1989

Last action

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Status

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 355.

Sponsors

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Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Federal Aviation Act of 1958 to prohibit any person from acquiring any voting securities of a major air carrier or person who controls a major air carrier, if such acquisition constitutes 15 percent or more of the voting securities, unless such person complies with specified requirements under the Act and the Secretary of Transportation has not disapproved the acquisition. Requires the Secretary to disapprove an acquisition if he or she finds that: (1) it is likely to weaken the acquired person financially; (2) the intent of the acquired person is to make a major reduction of the air carrier; (3) the acquisition would result in a non-U.S. citizen having control over the air carrier; or (4) the acquiring person is not providing the documentary material and information required by the Secretary to make a decision regarding such acquisition.

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Documents

7 official files

Reported in House (text)

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Sources

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