Bud Shuster: “I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is…”

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of title VIII of the bill, insert the following: SEC. 8__ ISSUING REGULATIONS. Section 106(f)(3)(A) is amended-- (1) by inserting ``(i)'' before the first sentence; and (2) by adding at the end the following: ``(ii) Before proposing or issuing a regulation, the Administrator shall: ``(I) Analyze the different industry segments and tailor any regulations to the characteristics of each separate segment (as determined by the Administrator), taking into account that the United States aviation industry is composed of different segments, with differing operational characteristics. ``(II) Perform the following analyses for each industry segment: ``(aa) Identify and assess the alternative forms of regulation and, to the extent feasible, specify performance objectives, rather than a specific means of compliance. ``(bb) Assess the costs and benefits and propose or adopt a regulation only upon a reasoned determination that the benefits of the intended regulation justify its costs. ``(cc) Ensure that the proposed regulation is based on the best reasonably obtainable scientific, technical, and other information relating to the need for, and consequences of, the regulation.…”