A bill to amend the Employment Retirement Income Security Act of 1974.

Amends the Employee Retirement Income Security Act of 1974, with respect to single-employer pension plans, to provide that an affected air carrier shall be considered under common control with all related persons (i.e., those with which it was under common control on a specified date or their successors, and not only with those persons described under specified provisions), if an individual possesses direct or indirect power to direct or cause the direction of the management and policies of such affected air carrier of which that individual was the accountable owner.