S.Amdt. 3535

SA 3535. Mr. BEGICH 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 appropriate place insert the following:

SEC. ----. FINANCIAL INCENTIVES FOR NEXTGEN EQUIPAGE.

(a) In General.--The Secretary of Transportation may make
grants or loans, execute agreements, and engage in other
transactions authorized under section 106(1)(6) of title 49,
United States Code, to accelerate the transition to the Next
Generation Air Transportation System by mitigating the costs
of equipping aircraft with communications, surveillance,
navigation, and other avionics to enable NextGen air traffic
control capabilities.
(b) Matching Requirement.--In making grants, contracts,
leases, cooperative agreements, other transactions, or credit
instruments available under subsection (a), the Secretary
shall require that not less than 50 percent of the costs of
the activity funded come from non-Federal sources.
(c) Funding.--In carrying out subsection (a), the Secretary
may use the authority under section 106(1)(6) of title 49,
United States Code, as provided by appropriations Acts, for
not more than $50,000,000 for all fiscal years combined.
(d) Report.--Within 180 days after the date of enactment of
this Act, the Secretary shall submit a report to the Senate
Committee on Commerce, Science, and Transportation and the
House of Representatives Committee on Transportation and
Infrastructure on the potential for a program of grants, low-
interest loans, and other incentives for equipping general
aviation aircraft with NextGen avionics.
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