Air Traffic Controller Reform and Employee Stock Ownership Act of 2015

Air Traffic Controller Reform and Employee Stock Ownership Act of 2015

This bill directs the Department of Transportation to transfer Federal Aviation Administration air traffic control personnel and property to a private corporation. The corporation shall issue securities to such personnel giving them stock ownership in the corporation.

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1835 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1835

 To establish an employee stock ownership plan for air traffic control 
                               personnel.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 16, 2015

   Mr. Mica introduced the following bill; which was referred to the 
Committee on Transportation and Infrastructure, and in addition to the 
   Committee on Oversight and Government Reform, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
 To establish an employee stock ownership plan for air traffic control 
                               personnel.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Air Traffic Controller Reform and 
Employee Stock Ownership Act of 2015''.

SEC. 2. TRANSFER TO A PRIVATE CORPORATION.

    (a) In General.--In accordance with the plan described in section 
4, the Secretary shall transfer air traffic control personnel to a 
corporation giving such personnel employee stock ownership in such 
corporation. The Secretary shall determine when such personnel shall be 
transferred, but in no case later than 1 year after the date of 
enactment of this Act, and what if any property used for air traffic 
control services of the Federal Aviation Administration shall be 
transferred to a corporation.
    (b) Consultation.--Before transferring any personnel to the 
corporation, the Secretary shall consult with--
            (1) the organization representing the largest number of air 
        traffic controllers on such proposed transfer;
            (2) pilots;
            (3) representatives from passenger commercial airlines; and
            (4) representatives from commercial airlines.
    (c) Benefits for Air Traffic Control Personnel.--The Secretary 
shall coordinate with the Director of the Office of Personnel 
Management in the transfer of air traffic control personnel to the 
corporation, including any necessary reduction in force actions and 
severance benefits that may be necessary to carry out this Act.

SEC. 3. REQUIREMENTS FOR THE CORPORATION.

    (a) In General.--A corporation shall be considered to satisfy the 
requirements of this section if such corporation--
            (1) is incorporated under the laws of a State;
            (2) is not a department, agency, or establishment of the 
        United States;
            (3) issues securities in a manner consistent with 
        subsection (b); and
            (4) satisfies such other requirements as the Secretary may 
        by regulation prescribe in order to carry out the purposes of 
        this Act.
    (b) Securities.--Any securities issued by the corporation, during 
the 1-year period beginning on the date of the enactment of this Act, 
shall be issued in a manner to be determined by the Secretary.

SEC. 4. TRANSFER PLAN; DETERMINATION BY THE SECRETARY.

    (a) Transfer Plan.--Not later than the 60th day after the date on 
which a corporation first satisfies the requirements of section 3, as 
determined under subsection (b), the Secretary shall, in conformance 
with the requirements of section 2, transmit to Congress--
            (1) a comprehensive plan providing for the orderly transfer 
        of all property subject to this Act, including a timetable 
        under which such transfer is completed not later than 180 days 
        after the date on which such corporation first satisfies such 
        requirements; and
            (2) such recommendations for legislation as the Secretary 
        considers necessary in order to carry out the plan described in 
        paragraph (1), including recommendations for the repeal or 
        modification of appropriate Federal statutes.
    (b) Determination by the Secretary.--The Secretary shall, for 
purposes of this section, determine the date on which a corporation 
first satisfies the requirements of section 3.
    (c) Retention of Senior Management.--The Secretary shall determine 
who of senior management in air traffic control services shall continue 
at the Federal Aviation Administration after such transfer takes place, 
not to exceed 1 percent of the total number of air traffic control 
personnel employed at the FAA on the day before the date of enactment 
of this Act.

SEC. 5. DEFINITIONS.

    For purposes of this Act--
            (1) the term ``air traffic control personnel'' means not 
        less than 95 percent employees of the Federal Aviation 
        Administration working in the area of air traffic control on 
        the day before the date of enactment of this Act;
            (2) the term ``FAA'' means the Federal Aviation 
        Administration;
            (3) the term ``property'', when used with respect to air 
        traffic control services, means all assets and rights, and all 
        liabilities and obligations, of the FAA;
            (4) the term ``Secretary'' means the Secretary of 
        Transportation; and
            (5) the term ``State'' means each of the several States, 
        the District of Columbia, and the Commonwealth of Puerto Rico.
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