S.Amdt. 3489

SA 3489. Mr. WARNER (for himself and Mr. Webb) submitted an amendment
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 appropriate place, insert the following:

SEC. ___. FORFEITURE OF SLOTS UPON INCREASING EXTRAPERIMETER
SERVICE FROM REAGAN WASHINGTON NATIONAL
AIRPORT.

Section 41718 is amended--
(1) by redesignating subsection (f) as subsection (g); and
(2) by inserting after subsection (e) the following:
``(f) Reallocation of Exemptions Upon Commencement of
Certain Service.--
``(1) In general.--If, after the date of enactment of the
FAA Air Transportation Modernization and Safety Improvement
Act, an air carrier--
``(A) commences air transportation pursuant to an exemption
under subsection (a) to a beyond-perimeter airport previously
unserved by that air carrier from Ronald Reagan Washington
National Airport,
``(B) provides additional service to a beyond-perimeter
airport served by that air carrier from that airport, or
``(C) exchanges an exemption granted under subsection (b)
for an exemption granted under subsection (a),
the air carrier shall forfeit 4 of its other exemptions
granted under subsection (a) or (b).
``(2) Reallocation of forfeited exemptions.--If an air
carrier forfeits exemptions under paragraph (1), the
Secretary--
``(A) shall grant one of the forfeited exemptions to a new
entrant air carrier or limited incumbent air carrier; and
``(B) may grant the remaining exemption to another air
carrier under this section in accordance with the
requirements of this section.''.
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