A bill to terminate the air services agreement between the United States and the United Kingdom (known as the Bermuda 2 agreement) to direct the Civil Aeronautics Board to grant National Airlines permission to operate a Tampa-London air services route, to require that all new international air services agreements be subject to Senate approval, and to insure that the interests of affected air carriers and affected localities are represented at the negotiation of any international air services agreement.

Terminates the air services agreement between the United States and the United Kingdom (known as the Bermuda 2 agreement). Directs the Civil Aeronautics Board to implement its July 1976 decision on the request of National Airlines for permission to provide nonstop service between Tampa, Florida, and London, England notwithstanding the fact that such decision has not been approved by the President.

Amends the Federal Aviation Act of 1958 to require that all new international air services agreements be approved by two-thirds of the Senate. Requires the President to establish advisory committees which will insure that the interests of affected air carriers and localities will be adequately considered in such negotiations. Prohibits United States' involvement in such negotiations unless members of such advisory committee are present and unless representatives of interested United States air carriers and localities have the right to attend such a meeting.