No-jet rule to be stripped from bill
The aviation industry is breathing a collective sigh of relief. A provision requiring companies receiving federal bailout money to divest of their private aircraft or leases is being stripped from a House relief bill, U.S. Rep. Todd Tiahrt's office said Wednesday. Congressman Barney Frank, D-Mass., chairman of the House Financial Services Committee, on Friday introduced the language to the Troubled Assets Relief Program Reform and Accountability Act of 2009.
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