Sec. 329. Aircraft interchange agreement limitations
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Not later than 90 days after the date of enactment of this Act, the Administrator shall conduct a study of foreign interchange agreements. In carrying out the study required under subsection (a), the Administrator shall address the following: Methods for updating regulations under part 121.569 of title 14, Code of Federal Regulations, for foreign interchange agreements. Time limits for foreign aircraft interchange agreements. Minimum breaks between foreign aircraft interchange agreements.
Limits for no more than 1 foreign aircraft interchange agreement between 2 airlines. Limits for no more than 2 foreign aircraft on the interchange agreement. Not later than 2 years after the date of enactment of this Act, the Administrator shall brief the appropriate committees of Congress on the results of the study required under subsection (a). Based on the results of the study required under subsection (a), the Administrator may, if appropriate, update the relevant sections of part 121 of title 14, Code of Federal Regulations.