A bill to provide for the allocation among commercial air carriers of takeoff and landing rights at Washington National Airport by the sale of such rights to such carriers.

Directs the Administrator of the Federal Aviation Administration to allocate takeoff and landing rights by sale to air carriers and commuter air carriers at Washington National Airport.

Directs the Administrator to promulgate, within 90 days after enactment of this Act, rules for the sale of takeoff and landing rights at such Airport.

Establishes two categories for the sale of takeoff and landing rights: (1) commuter air carriers; and (2) air carriers other than commuter air carriers. Prohibits the transfer of air carrier rights from one category to the other, but permits the transfer of such rights within the same air carrier category.

Requires the Administrator to report annually to the Congress regarding the allocation of takeoff and landing rights by sale.