,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cedd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bh1 #bjag,mr4  
,lyn* 7= himself1 ,mrs4 ,c>olyn ,b4     
,maloney ( ,new ,york1 & ,mr4 ,k+ ( ,new
 ,york7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on               
,transportation & ,infra/ructure  ,a    
,,bill  ,to require ! disclosure (      
b5eficial own]%ip by a =eign p]son (    
aircraft regi/ration1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,aircraft ,own]%ip ,transp>5cy ,act ( 
#bjag4  #b4 ,c]tification ( aircraft    
regi/ration  7a7 ,9 g5]al ,be=e approv+ 
a c]tificate ( regi/ration issu$ "u     
section #ddajc ( title #di1 ,unit$      
,/ates ,code1 ) a cov]$ entity1 !       
,adm9i/rator ( ! ,f$]al ,aviation       
,adm9i/ration %all require ! cov]$      
entity to--  7#a7 id5tify ea* b5eficial 
own] ( ! cov]$ entity by-- 7,a7 "n2     
7,b7 curr5t resid5tial or bus9ess /reet 
address2  7,c7 a unique id5tify+ numb] f
 a nonexpir$ passport issu$ by ! ,unit$ 

,/ates or a nonexpir$ driv]s lic5se     
issu$ by a ,/ate or if nei!r is         
available1 a legible & cr$ible copy ( ! 
pages ( a nonexpir$ passport issu$ by ! 
gov]nm5t ( a =eign c\ntry be>+ a        
photograph1 date ( bir?1 & unique       
id5tify+ in=mation = ! p]son2  7,d7     
nationality2 &  7,e7 ! make1 model1 &   
s]ial numb] ( ! aircraft to be regi/]$2 
7#b7 9 ! case ( a cov]$ entity t is own$
 or controll$ by m ?an "o entity1       
id5tify h[ ea* entity relates to e o!r  
entity1 includ+ ! ext5t to :i* ea*      
entity holds an own]%ip int]e/ 9 or     
ex]cises control ov] ano!r entity1 & !  
relation%ip ( ea* su* entity ) !        
b5eficial own]s :o are natural p]sons2 &
 9 addition to ea* b5eficial own]1      
id5tify ea* tru/ grantor1 tru/ee1 tru/  
protector1 & b5efici>y own] ( ! cov]$   
entity t is a =eign p]son2  7#c7 9 !    
case ( a tru/ or association1 id5tify ! 
*a9 ( control t includes ! own]1 tru/ee1
 & b5efici>y2 &  7#d7 disclose to !     
,adm9i/rator any b5eficial own] ( !     

cov]$ entity t is a =eign p]son4  7b7   
,tim+  7#a7 ,9 g5]al ,! ,adm9i/rator    
%all require a cov]$ entity to provide !
 in=mation describ$ 9 subsections       
7a77#a7 & 7a77#b7 :5 submitt+ an        
application = aircraft c]tification4    
7#b7 ,updates ,! ,adm9i/rator %all      
require a cov]$ entity to update a      
submission ( ! in=mation describ$ 9     
subsections 7a77#a7 & 7a77#b7 n lat] ?an
 #fj days aft] ! date ( any *ange 9--   
7,a7 ! li/ ( b5eficial own]s ( ! cov]$  
entity2 or  7,b7 ! in=mation requir$ to 
be provid$ relat+ to ea* su* b5eficial  
own]4  7c7 ,def9itions ,9 ?is section1 !
 foll[+ def9itions apply3 7#a7          
,b5eficial own]  7,a7 ,9 g5]al ,except z
 provid$ 9 subp>agraph 7,b71 ! t]m      
b5eficial own] means1 ) respect to a    
cov]$ entity1 ea* natural p]son :o1     
directly or indirectly--  7i7 ex]cises  
control ov] ! cov]$ entity ?r\gh own]%ip
 int]e/s1 vot+ rights1 agreem5ts1 or    
o!rwise2 or  7ii7 has an int]e/ 9 or    
receives sub/antial economic b5efits f !

 assets ( ! cov]$ entity4  7,b7         
,exceptions ,! t]m b5eficial own] does n
 include1 ) respect to a cov]$ entity-- 
7i7 a m9or *ild2  7ii7 a p]son act+ z a 
tru/ee1 nom9ee1 int]m$i>y1 cu/odian1 or 
ag5t on behalf ( ano!r p]son2  7iii7 a  
p]son act+ solely z an employee ( !     
cov]$ entity & ^: control ov] or        
economic b5efits f ! cov]$ entity d]ives
 solely f ! employm5t /atus ( ! p]son2  
7iv7 a p]son ^: only int]e/ 9 ! cov]$   
entity is ?r\gh a "r ( inh]itance1      
unless ! p]son also meets ! requirem5ts 
( subp>agraph 7,a72 or  7v7 a cr$itor ( 
! cov]$ entity1 unless ! cr$itor also   
meets ! requirem5ts ( subp>agraph 7,a74 
7,c7 ,anti-abuse rule ,! exceptions "u  
subp>agraph 7,b7 %all n apply if us$ = !
 purpose ( evad+1 circumv5t+1 or abus+ !
 requirem5ts ( ?is section4  7#b7 ,cov]$
 entity ,! t]m cov]$ entity means a     
p]son1 tru/1 association1 cop>tn]%ip1   
corporation1 or o!r public or private   
entity4  7#c7 ,=eign p]son ,! t]m =eign 
p]son means an individual :o is n a     

,unit$ ,/ates p]son or an ali5 lawfully 
admitt$ = p]man5t resid5ce into ! ,unit$
 ,/ates4  7#d7 ,unit$ ,/ates p]son ,!   
t]m ,unit$ ,/ates p]son means a natural 
p]son :o is a citiz5 ( ! ,unit$ ,/ates  
or :o owes p]man5t allegiance to !      
,unit$ ,/ates4