Sec. 401. Reserve fund for commercialization of air traffic control
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/bill/115/hconres/71/rh/section-401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the House of Representatives, the chair of the Committee on the Budget may adjust, at a time the chair deems appropriate, the section 302(a) allocation to the Committee on Transportation and Infrastructure and other applicable committees of the House of Representatives, aggregates, and other appropriate levels established in this concurrent resolution for a bill or joint resolution, or amendment thereto or conference report thereon, that commercializes the operations of the air traffic control system if such measure reduces the discretionary spending limits in section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 by the amount that would otherwise be appropriated to the Federal Aviation Administration for air traffic control.
Adjustments to the section 302(a) allocation to the Committee on Appropriations, consistent with the adjustments to the discretionary spending limits under such section 251(c), shall only be made upon enactment of such measure. For purposes of this section, a measure that commercializes the operations of the air traffic control system shall be a measure that establishes a Federally-chartered, not-for-profit corporation that— is authorized to provide air traffic control services within the United States airspace; sets user fees to finance its operations; may borrow from private capital markets to finance improvements; is governed by a board of directors composed of a CEO and directors whose fiduciary duty is to the entity; and becomes the employer of those employees directly connected to providing air traffic control services and who the Secretary transfers from the Federal Government.