,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #ahce  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #af1 #bjae ,mr4
 ,mica introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on               
,transportation & ,infra/ructure1 & 9   
addition to ! ,committee on ,ov]sight & 
,gov]nm5t ,re=m1 = a p]iod to be        
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to e/abli% an      
employee /ock own]%ip plan = air traffic
 control p]sonnel4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,air ,traffic     
,controll] ,re=m & ,employee ,/ock      
,own]%ip ,act ( #bjae4  #b4 ,transf] to 
a private corporation  7a7 ,9 g5]al ,9  
accordance ) ! plan describ$ 9 section  
#d1 ! ,secret>y %all transf] air traffic
 control p]sonnel to a corporation giv+ 
su* p]sonnel employee /ock own]%ip 9 su*
 corporation4 ,! ,secret>y %all det]m9e 
:5 su* p]sonnel %all be transf]r$1 b 9  
no case lat] ?an #a ye> aft] ! date (   

enactm5t ( ?is ,act1 & :at if any       
prop]ty us$ = air traffic control       
s]vices ( ! ,f$]al ,aviation            
,adm9i/ration %all be transf]r$ to a    
corporation4  7b7 ,consultation ,be=e   
transf]r+ any p]sonnel to ! corporation1
 ! ,secret>y %all consult )-- 7#a7 !    
organization repres5t+ ! l>ge/ numb] (  
air traffic controll]s on su* propos$   
transf]2  7#b7 pilots2  7#c7            
repres5tatives f pass5g] comm]cial      
airl9es2 &  7#d7 repres5tatives f       
comm]cial airl9es4  7c7 ,b5efits = air  
traffic control p]sonnel ,! ,secret>y   
%all coord9ate ) ! ,director ( ! ,(fice 
( ,p]sonnel ,managem5t 9 ! transf] ( air
 traffic control p]sonnel to !          
corporation1 includ+ any necess>y       
r$uction 9 =ce actions & sev]ance       
b5efits t may be necess>y to c>ry out   
?is ,act4  #c4 ,requirem5ts = !         
corporation  7a7 ,9 g5]al ,a corporation
 %all be consid]$ to satisfy !          
requirem5ts ( ?is section if su*        
corporation-- 7#a7 is incorporat$ "u !  

laws ( a ,/ate2  7#b7 is n a dep>tm5t1  
ag5cy1 or e/abli%m5t ( ! ,unit$ ,/ates2 
7#c7 issues securities 9 a mann]        
consi/5t ) subsection 7b72 &  7#d7      
satisfies su* o!r requirem5ts z !       
,secret>y may by regulation prescribe 9 
ord] to c>ry out ! purposes ( ?is ,act4 
7b7 ,securities ,any securities issu$ by
 ! corporation1 dur+ ! #a-ye> p]iod     
beg9n+ on ! date ( ! enactm5t ( ?is     
,act1 %all be issu$ 9 a mann] to be     
det]m9$ by ! ,secret>y4  #d4 ,transf]   
plan2 det]m9ation by ! ,secret>y  7a7   
,transf] plan ,n lat] ?an ! #fj? day    
aft] ! date on :i* a corporation fir/   
satisfies ! requirem5ts ( section #c1 z 
det]m9$ "u subsection 7b71 ! ,secret>y  
%all1 9 con=mance ) ! requirem5ts (     
section #b1 transmit to ,congress--     
7#a7 a compreh5sive plan provid+ = !    
ord]ly transf] ( all prop]ty subject to 
?is ,act1 includ+ a timetable "u :i* su*
 transf] is complet$ n lat] ?an #ahj    
days aft] ! date on :i* su* corporation 
fir/ satisfies su* requirem5ts2 &  7#b7 

su* recomm5dations = legislation z !    
,secret>y consid]s necess>y 9 ord] to   
c>ry out ! plan describ$ 9 p>agraph     
7#a71 includ+ recomm5dations = ! repeal 
or modification ( appropriate ,f$]al    
/atutes4  7b7 ,det]m9ation by !         
,secret>y ,! ,secret>y %all1 = purposes 
( ?is section1 det]m9e ! date on :i* a  
corporation fir/ satisfies ! requirem5ts
 ( section #c4  7c7 ,ret5tion ( s5ior   
managem5t ,! ,secret>y %all det]m9e :o (
 s5ior managem5t 9 air traffic control  
s]vices %all cont9ue at ! ,f$]al        
,aviation ,adm9i/ration aft] su* transf]
 takes place1 n to exce$ #a p]c5t ( !   
total numb] ( air traffic control       
p]sonnel employ$ at ! ,,faa on ! day    
be=e ! date ( enactm5t ( ?is ,act4  #e4 
,def9itions ,= purposes ( ?is ,act--    
7#a7 ! t]m air traffic control p]sonnel 
means n less ?an #ie p]c5t employees ( !
 ,f$]al ,aviation ,adm9i/ration work+ 9 
! area ( air traffic control on ! day   
be=e ! date ( enactm5t ( ?is ,act2  7#b7
 ! t]m ,,faa means ! ,f$]al ,aviation   

,adm9i/ration2  7#c7 ! t]m prop]ty1 :5  
us$ ) respect to air traffic control    
s]vices1 means all assets & rights1 &   
all liabilities & obligations1 ( !      
,,faa2  7#d7 ! t]m ,secret>y means !    
,secret>y ( ,transportation2 &  7#e7 !  
t]m ,/ate means ea* ( ! sev]al ,/ates1 !
 ,di/rict ( ,columbia1 & ! ,commonweal? 
( ,pu]to ,rico4