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Bill102th CongressFiled Nov 15, 1991Foreign Trade and International Finance
S. 1977

A bill to amend the Federal Aviation Act of 1958 to permit the Secretary of Transportation to authorize certain foreign investment in United States air carriers in excess of 25 percent.

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Under committee review

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What it doesSummary introduced in senate (Nov 15, 1991)

Amends the Federal Aviation Act of 1958 to redefine the term "citizen of the United States" to include a corporation or association in which at least 25 percent (currently, 75 percent) of the voting interest is owned or controlled by U.S. citizens.

Permits the Secretary of Transportation to authorize foreign investment in U.S. air carriers in excess of 25 percent of the voting interest of such carrier.

What just happenedNov 15, 1991

Read twice and referred to the Committee on Commerce.

Who’s behind it

Sen. McCain, John [R-AZ](R-AZ)Sponsor
1 cosponsor1 D1 R
Read on Congress.gov
1cosponsors1committees2actions1related bills3subjects
  1. Nov 15, 1991IntroReferral

    Read twice and referred to the Committee on Commerce.

    Commerce, Science, and Transportation Committee
  2. Nov 15, 1991IntroReferral10000

    Introduced in Senate