HR 761 IH

To impose a temporary moratorium on certain airline mergers and acquisitions.

Ms. SLAUGHTER (for herself and Mr. DEFAZIO) introduced the following bill; which was referred to the Committee on the Judiciary

To impose a temporary moratorium on certain airline mergers and acquisitions.

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 `Airline Merger Moratorium Act of 2001'.

SEC. 2. TEMPORARY MORATORIUM ON CERTAIN AIRLINE MERGERS AND ACQUISITIONS.

(a) IN GENERAL- In the 1-year period beginning on January 1, 2001, it shall be unlawful for a major air carrier to acquire assets or voting securities of another major airline carrier if with respect to the acquisition notice is required to be filed under section 7A of the Clayton Act (15 U.S.C. 18a).

(b) DEFINITIONS- In this section--

(1) the terms `air carrier' and `interstate air transportation' have the meanings given such terms under section 40102 of title 49, United States Code; and

(2) the term `major air carrier' means any of the 8 air carriers that account for the highest number of scheduled revenue passenger miles in interstate air transportation, as determined using data from the latest year for which complete data is available.

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