To amend title 49, United States Code, to limit sales of air carrier certificates.
Referred to the Subcommittee on Aviation.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Sep 10, 1998
Amends Federal transportation law to limit the authority of the Secretary of Transportation to approve the transfer (sale) of an air carrier certificate to those instances in which: (1) a certificate holder will not receive in exchange for the certificate any financial or other consideration exceeding the financial or other consideration the holder originally paid for it; and (2) a certificate holder who did not originally pay financial or other consideration for the certificate will not receive any in exchange for it.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.
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