A bill to provide for efficient and equitable use of operating rights at congested airports, and for other purposes.

[AI summary unavailable — showing source text] Requires the Secretary of Transportation (the Secretary) and the Administrator of the Federal Aviation Administration (the Administrator) to: (1) rescind rules, regulations, or orders which permit airlines to buy and sell landing rights at specified high density traffic airports; and (2) refrain from issuing a rule, regulation, or order regarding such airports that is inconsistent with this Act. Requires the Administrator to: (1) recall for reallocation any domestic or commuter air carrier operating rights ("slots") which are regulated at high density traffic airports and which are substantially unused; and (2) provide a mechanism for the allocation and reallocation of domestic slots. Requires that the allocation and reallocation of slots which are not made on a lottery basis shall be made semiannually by a separate Scheduling Committee established for each such high density traffic airport (unless the Committee unanimously agrees on another allocation interval). Requires the Secretary to allocate slots on lottery basis if the Committee cannot reach a unanimous allocation agreement. Requires the Administrator to recall slots currently in use in a manner that ensures that no carrier…