The Aviation Competition Restoration Act would provide the Department of Transportation with expanded authority to review airline mergers and acquisitions, ensure a competitive air transportation system, and release funding for airport projects that facilitate new competition.
"As the airline industry becomes increasingly dominated by a few carriers, it's essential that consumers' interests are not overlooked by the government," Grassley said. "One way to do this is to give the DOT expanded authority to prohibit mergers if they find that they are anti-competitive and contrary to public interest."
The bill also calls for a review of airline access to gates and facilities at major U.S. airports, ensuring that carriers dominating hubs don't hoard and underutilize these facilities as an unfair method of competition. Another provision of the bill allows up to $300 million for airport projects that facilitate new competition.
"Adequate air service is critical to the economic development of rural communities. Competitive fares are necessary to keep residents, attract businesses and increase jobs," Grassley said. "We want to help airports fund projects that encourage competition."
The Aviation Competition Restoration Act would: