,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #cic  ,,in ,,the ,,house ,,of   
,,representatives  ,january #i1         
#bjai,mr4 ,lynch 7for himself1 ,mrs4    
,carolyn ,b4 ,maloney of ,new ,york1 and
 ,mr4 ,king of ,new ,york7 introduced   
the following bill2 which was referred  
to the ,committee on ,transportation and
 ,infrastructure  ,a ,,bill  ,to require
 the disclosure of beneficial ownership 
by a foreign person of aircraft         
registration1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,aircraft ,ownership            
,transparency ,act of #bjai4  #b4       
,certification of aircraft registration 
7a7 ,in general ,before approving a     
certificate of registration issued under
 section #ddajc of title #di1 ,united   
,states ,code1 with a covered entity1   
the ,administrator of the ,federal      
,aviation ,administration shall require 
the covered entity to--  7#a7 identify  
each beneficial owner of the covered    
entity by-- 7,a7 name2  7,b7 current    

residential or business street address2 
7,c7 a unique identifying number from a 
nonexpired passport issued by the       
,united ,states or a nonexpired drivers 
license issued by a ,state or if neither
 is available1 a legible and credible   
copy of the pages of a nonexpired       
passport issued by the government of a  
foreign country bearing a photograph1   
date of birth1 and unique identifying   
information for the person2  7,d7       
nationality2 and  7,e7 the make1 model1 
and serial number of the aircraft to be 
registered2  7#b7 in the case of a      
covered entity that is owned or         
controlled by more than one entity1     
identify how each entity relates to     
every other entity1 including the extent
 to which each entity holds an ownership
 interest in or exercises control over  
another entity1 and the relationship of 
each such entity with the beneficial    
owners who are natural persons2 and in  
addition to each beneficial owner1      
identify each trust grantor1 trustee1   

trust protector1 and beneficiary owner  
of the covered entity that is a foreign 
person2  7#c7 in the case of a trust or 
association1 identify the chain of      
control that includes the owner1        
trustee1 and beneficiary2 and  7#d7     
disclose to the ,administrator any      
beneficial owner of the covered entity  
that is a foreign person4  7b7 ,timing  
7#a7 ,in general ,the ,administrator    
shall require a covered entity to       
provide the information described in    
subsections 7a77#a7 and 7a77#b7 when    
submitting an application for aircraft  
certification4  7#b7 ,updates ,the      
,administrator shall require a covered  
entity to update a submission of the    
information described in subsections    
7a77#a7 and 7a77#b7 not later than #fj  
days after the date of any change in--  
7,a7 the list of beneficial owners of   
the covered entity2 or  7,b7 the        
information required to be provided     
relating to each such beneficial owner4 
7c7 ,definitions ,in this section1 the  

following definitions apply3 7#a7       
,beneficial owner  7,a7 ,in general     
,except as provided in subparagraph     
7,b71 the term beneficial owner means1  
with respect to a covered entity1 each  
natural person who1 directly or         
indirectly--  7i7 exercises control over
 the covered entity through ownership   
interests1 voting rights1 agreements1 or
 otherwise2 or  7ii7 has an interest in 
or receives substantial economic        
benefits from the assets of the covered 
entity4  7,b7 ,exceptions ,the term     
beneficial owner does not include1 with 
respect to a covered entity--  7i7 a    
minor child2  7ii7 a person acting as a 
trustee1 nominee1 intermediary1         
custodian1 or agent on behalf of another
 person2  7iii7 a person acting solely  
as an employee of the covered entity and
 whose control over or economic benefits
 from the covered entity derives solely 
from the employment status of the       
person2  7iv7 a person whose only       
interest in the covered entity is       

through a right of inheritance1 unless  
the person also meets the requirements  
of subparagraph 7,a72 or  7v7 a creditor
 of the covered entity1 unless the      
creditor also meets the requirements of 
subparagraph 7,a74  7,c7 ,anti-abuse    
rule ,the exceptions under subparagraph 
7,b7 shall not apply if used for the    
purpose of evading1 circumventing1 or   
abusing the requirements of this        
section4  7#b7 ,covered entity ,the term
 covered entity means a person1 trust1  
association1 copartnership1 corporation1
 or other public or private entity4     
7#c7 ,foreign person ,the term foreign  
person means an individual who is not a 
,united ,states person or an alien      
lawfully admitted for permanent         
residence into the ,united ,states4     
7#d7 ,united ,states person ,the term   
,united ,states person means a natural  
person who is a citizen of the ,united  
,states or who owes permanent allegiance
 to the ,united ,states4