Regulations and Government
Bill Would Alter Foreign Ownership Caps for Carriers
Rep. Brat's bill would change the reduce the mandatory U.S. ownership requirement for U.S. air carrier from 75 percent to 51 percent.

A U.S. congressman is hoping to increase air travel options by changing the caps on foreign ownership in U.S. air carriers. Rep. Dave Brat (R-Virginia), who is a member of the House Travel and Tourism Caucus, introduced a bill, the Free to Fly Act (H.R.5000), which would reduce mandatory U.S. ownership requirement for U.S. air carriers from 75 percent to 51 percent. The bill further would alter the requirements of the makeup of an air carrier board from two-thirds U.S. citizens to 51 percent.