Amends the Federal Aviation Act of 1958 to prohibit any person from acquiring 15 percent or more of the voting securities of a major air carrier or person who controls a major air carrier, unless such person complies with specified waiting period requirements under the Act and the Secretary of Transportation has not disapproved the acquisition. Makes the same requirement for any person with less than a 15 percent ownership if the acquisition would increase ownership to 15 percent or more.
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; (4) the acquisition would give a person who controls air carriers which have filed, collectively, more than one petition for bankruptcy control over the acquired air carrier; (5) the acquisition would result in a reduction in wages, benefits, or number of the air carriers employees; or (6) the acquiring person does not provide the documentary material and information required by the Secretary to make a decision regarding such acquisition.
Placed on the Union Calendar, Calendar No. 193.
Rules Committee Resolution H. Res. 272 Reported to House. Rule provides for consideration of H.R. 3443. Measure will be read by section. Bill is open to amendments.
Rules Committee Resolution H. Res. 275 Reported to House. Rule provides for consideration of H.R. 3443 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Public Works and Transportation now printed in the bill as an original bill for the purpose of amendment under the five-minute rule. Measure will be considered read. Bill is open to amendments. Upon agreeing to this resolution, H.Res. 272 is laid upon the table.
Rule H. Res. 275 passed House.
Considered under the provisions of rule H. Res. 275.
Rule provides for consideration of H.R. 3443 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Public Works and Transportation now printed in the bill as an original bill for the purpose of amendment under the five-minute rule. Measure will be considered read. Bill is open to amendments. Upon agreeing to this resolution, H.Res. 272 is laid upon the table.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 275 and Rule XXIII.
The Speaker designated the Honorable Marvin Leath to act as Chairman of the Committee.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate.
Committee of the Whole House on the state of the Union rises leaving H.R. 3443 as unfinished business.
Considered as unfinished business.
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3443.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Passed/agreed to in House: On passage Passed by recorded vote: 301 - 113 (Roll no. 328).
Roll Call #328 (House)On passage Passed by recorded vote: 301 - 113 (Roll no. 328).
Roll Call #328 (House)Motion to reconsider laid on the table Agreed to without objection.
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3443.
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 355.
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