A bill to amend the Federal Aviation Act of 1958 relating to eligibility for registration of aircraft.

Amends the Federal Aviation Act of 1958 to authorize corporations which are citizens of the United States to register their aircraft as being United States aircraft. Stipulates that non-citizen corporations may register their aircraft as being of United States nationality if such corporation is lawfully organized and doing business under the laws of the United States or any State thereof so long as such aircraft is based and primarily used in the United States. Stipulates that in order to be eligible for United States registration the aircraft must not be registered under the laws of any foreign government.