108 STAT. 1094 PUBLIC LAW 103-272—JULY 5, 1994 PART D—MISCELLANEOUS 491. BUY-AMERICAN PREFERENCES 49101 PART A—AIR COMMERCE AND SAFETY ^ SUBPART I—GENERAL CHAPTER 401—GENERAL PROVISIONS Sec 40101. Policy. 40102. Definitions. 40103. Sovereignty and use of airspace. 40104. Promotion of civil aeronautics and air commerce. 40105. International negotiations, agreements, and obligations. 40106. Emergency powers. 40107. Presidential transfers. 40108. Training schools. 40109. Authority to exempt. 40110. General procurement authority. 40111. Multiyear procurement contracts for services and related items. 40112. Multiyear procurement contracts for property. 40113. Administrative. 40114. Reports and records. 40115. Withholding information. 40116. State taxation. 40117. Passenger facility fees. 40118. Government-financed air transportation. 40119. Security and research and development activities. 40120. Relationship to other laws. § 40101. Policy (a) ECONOMIC REGULATION. —In carrying out subpart II of this part and those provisions of subpart IV applicable in carrying out subpart II, the Secretary of Transportation shall consider the following matters, among others, as being in the public interest and consistent with public convenience and necessity: (1) assigning and maintaining safety as the highest priority in air commerce. (2) before authorizing new air transportation services, evaluating the safety implications of those services. (3) preventing deterioration in established safety procedures, recognizing the clear intent, encouragement, and dedication of Congress to further the highest degree of safety in air transportation and air commerce, and to maintain the safety vigilance that has evolved in air transportation and air commerce and has come to be expected by the traveling and shipping public. (4) the availability of a variety of adequate, economic, efficient, and low-priced services without unreasonable discrimination or unfair or deceptive practices. (5) coordinating transportation by, and improving relations among, air carriers, and encouraging fair wages and working conditions. (6) placing maximum reliance on competitive market forces and on actual and potential competition— (A) to provide the needed air transportation system; and (B) to encourage efficient and well-managed air carriers to earn adequate profits and attract capital, considering any material differences between interstate air transportation and foreign air transportation.
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