H.R. 2563 · 118th Congress
Aircraft Ownership Transparency Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LynchSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires the Federal Aviation Administration (FAA) to obtain the identity of all beneficial owners of a covered entity prior to approving an aircraft certificate of registration.
What it does: CRS summary · Introduced in House · Apr 10, 2023
Aircraft Ownership Transparency Act of 2023
This bill requires the Federal Aviation Administration (FAA) to obtain the identity of all beneficial owners of a covered entity prior to approving an aircraft certificate of registration.
A covered entity refers to a person, trust, association, copartnership, corporation, or other public or private entity. A beneficial owner refers to a natural person who directly or indirectly (1) exercises control over the covered entity, or (2) has an interest in or receives substantial economic benefits from the covered entity's assets.
Specifically, the FAA must require a covered entity seeking an aircraft certificate of registration to identify each beneficial owner by providing the owner's name and current street address; a unique identifying number from a U.S. passport or a driver's license issued by a state (or a copy of a passport issued by a foreign country if those documents are unavailable); the owner's nationality; and the make, model, and serial number of the aircraft to be registered.
The covered entity must also disclose any beneficial owner of the covered entity who is a foreign person. A foreign person is an individual who is not (1) a U.S. citizen, or a (2) non-U.S. national (alien under federal law) lawfully admitted for permanent residence into the United States.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Aircraft Ownership Transparency Act of 2023
Latest action (Apr 11, 2023): Referred to the Subcommittee on Aviation.
Policy area: Transportation and Public Works · Origin: House · Introduced: Apr 10, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.