A bill to amend the Federal Aviation Act of 1958, to provide for expedited consideration by the Civil Aeronautics Board of applications for certificates of public convenience and necessity.

[AI summary unavailable — showing source text] Directs that applications for certificates of public convenience and necessity for air transportation, under the Federal Aviation Act of 1958, be decided by the Civil Aeronautics Board within time limits which the Board shall adopt by regulation, unless the Board issues an order finding that the public interest requires the dismissal of the application, or the application request is for authority to engage in foreign air transportation. Requires the Board, if a decision is not reached within the specified period, to issue a certificate as requested, unless the public interest or extraordinary circumstances justify delay. Requires that any proposed rule or regulation regarding such time limitations be submitted to Congress. States that such rule or regulation shall become effective unless either House of Congress adopts a resolution disapproving such proposal.…