A bill to amend the Federal Aviation Act of 1958 to permit the Secretary of Transportation to authorize certain foreign investment in United States air carriers in excess of 25 percent.

Summary

Amends the Federal Aviation Act of 1958 to redefine the term "citizen of the United States" to include a corporation or association in which at least 25 percent (currently, 75 percent) of the voting interest is owned or controlled by U.S. citizens. Permits the Secretary of Transportation to authorize foreign investment in U.S. air carriers in excess of 25 percent of the voting interest of such carrier.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 November 1991

   Introduced

   Introduced in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 325. By unanimous consent.

   Source: Calendars

2. 15 November 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 15 November 1991

  Open at official source

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Sponsors

• Sen. McCain, John [R-AZ] · R · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Hollings, Ernest F. [D-SC] · D · Sponsor

Related records

• related to ← A bill to amend the Federal Aviation Act of 1958 to permit the Secretary of Transportation to authorize certain foreign investment in United States air carriers in excess of 25 percent.