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Increased Aircraft Ownership Transparency: New Registration Rules

New regulations require the disclosure of true aircraft owners, especially foreign ones. This aims to enhance security and transparency, making it harder to conceal the identities of those controlling aircraft. Citizens may experience an indirect impact through increased aviation safety.
Key points
Requirement to disclose personal data of true aircraft owners (name, address, ID, nationality).
Obligation to report changes in owner data within 60 days.
Definition of "beneficial owner" includes individuals controlling or benefiting, excluding minors or employees, among others.
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Additional Information
Aircraft Ownership Transparency Act of 2023
Print number: HR 2563
Sponsor: Rep. Lynch, Stephen F. [D-MA-8]
Process start date: 2023-04-10