S.Amdt. 3480

SA 3480. Mr. SCHUMER (for himself and Mr. Nelson of Florida)
submitted an amendment intended to be proposed to amendment SA 3452
proposed by Mr. Rockefeller to the bill H.R. 1586, to impose an
additional tax on bonuses received from certain TARP recipients; which
was ordered to lie on the table; as follows:

At the end of title VII, add the following:

SEC. 723. TRANSFER OF UNUSED OFF-PEAK HOUR SLOTS AT RONALD
REAGAN WASHINGTON NATIONAL AIRPORT INTO PEAK
HOUR SLOTS.

Section 41718 is amended by adding at the end the
following:
``(g) Transfer of Unused Off-Peak Hour Slots to Peak Hour
Slots.--
``(1) In general.--Notwithstanding section 41714(d), any
other provision of this title, or subpart K or S of part 93
of title 14, Code of Federal Regulations, and subject to
paragraph (3), the Secretary may transfer any slot available
for the takeoff or landing of an aircraft by an air carrier
during off-peak hours at the Ronald Reagan Washington
National Airport that the Secretary determines is unused into
a slot available for the takeoff or landing of an aircraft by
an air carrier described in paragraph (2) during peak hours
at that Airport.
``(2) Air carrier described.--An air carrier described in
this paragraph is a new entrant air carrier or a limited
incumbent air carrier that the Secretary determines will--
``(A) produce maximum competitive benefits, including low
fares;
``(B) increase the presence of new entrant air carriers and
limited incumbent air carriers in air transportation,
especially at large hub airports that are dominated by large
incumbent air carriers, or otherwise promote air
transportation by new entrant air carriers and limited
incumbent air carriers; and
``(C) use aircraft that--
``(i) meet the Stage 3 noise limits under part 36 of title
14, Code of Federal Regulations; and
``(ii) have a maximum seating capacity of more than 76
passengers.
``(3) Limitation on increase in hourly operations.--The
transfer of a slot under paragraph (1) may not increase the
number of operations at Ronald Reagan Washington National
Airport in any 1-hour period by more than 4 operations.
``(4) Definitions.--In this subsection:
``(A) Large incumbent air carrier.--The term `large
incumbent air carrier' means, with respect to a large hub
airport, an air carrier that holds more than 20 slots at the
airport (other than slots for use in foreign air
transportation).
``(B) Off-peak hours.--The term `off-peak hours' means the
time between 10:00 post meridiem and 6:59 ante meridiem.
``(C) Peak hours.--The term `peak hours' means the time
between 7:00 ante meridiem and 9:59 post meridiem.''.
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