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airport economic regulatory authority bill

AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021, The Airports Economic Regulatory Authority of India (Amendment) Act, 2021, Creative Commons Attribution 4.0 International License. “The dream of connecting each Indian (to every part of India) is getting fulfilled under the leadership of the Bharatiya Janata Party led by Narendra Modi,” he said. PRS is an independent, not-for-profit group.

With the passage in Rajya Sabha, Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got approval of both houses of Parliament today.Earlier, on July 29, the Bill was passed in the Lok Sabha. The Bill was referred to the Department-related Parliamentary Standing Committee on Transport, Tourism and Culture for examination and report. Found inside – Page 133The 2007 Airports Economic Regulatory Authority of India Bill will create a regulator responsible for maintaining a competitive and level-playing field regarding the services provided and fees charged by government-owned, private-owned ...

The bill seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. He had said the government has facilitated cargo transport by making storage facilities available at 39 airports and refrigeration and cold storage facilities in 15 airports.

Under the mandate, the Committee has examined the Bill and

Scindia said that PM Modi was resolved to develop rural India like Gandhi who said, “the true citizen of India lives in a village.”. Found inside – Page 34A Airport Authority of India B Airports Economic Regulatory Authority C Ministry of Civil Aviation D Secretary , Ministry of Civil Aviation Answer B Explanation: The Airports Economic Regulatory Authority (AERA) Bill 2007 ensures that ... Found insideTelecom Regulatory Authority of India and the operators are at it again. ... In fact, a Bill to create a regulator called the Airport Economic Regulatory Authority is pending before Parliament. Until it is passed, however, the Ministry ...

New Delhi: The Parliament on Wednesday passed a bill which seeks to encourage smaller airports to expand air connectivity to relatively remote and far-flung areas. The bill seeks to amend the 2008 Act by modifying the definition of “major airport” as under the current law, tariffs for the aeronautical services of a group of airports together cannot be determined.

The Airports Economic Regulatory Authority of India (Amentment) Bill, 2019. AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. C. Both A & B. D. None of these.

After the bill got passed in Parliament today, Jyotiraditya M. Scindia thanked the MPs for their valuable feedback and support to the bill and he said, "This will . You may choose to reproduce or redistribute this report for non-commercial purposes in part or in full to any other person with due acknowledgement of PRS Legislative Research (“PRS”). The Airports Economic Regulatory Authority of India Bill, 2007 to provide for the establishment of an Airports Economic Regulatory Authority to regulate tariff and other charges for the aeronautical services rendered at airports and to monitor performance standards of airports and also to establish Appellate Tribunal to adjudicate . The 2008 Act established the Airport Economic Regulatory Authority (AERA).

The Parliament on August 4, 2021, announced the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 after the Rajya Sabha passed it after a short review amid protests by the opposition on various issues.

A Bill was introduced in the Lok Sabha on Wednesday to allow the Airports Economic Regulatory Authority to set tariff for the airports that will be part of the next phase of privatisation. Was AERA needed? Found inside – Page 157A Airport Authority of India B Airports Economic Regulatory Authority C Ministry of Civil Aviation D Secretary ... Regulatory Authority (AERA) Bill 2007 ensures that the watchdog monitors performance standards of airports and 62. As per the bill, the Airports Economic Regulatory Authority of India Act, 2008 provides for an AERA's establishment in order to regulate tariff along with other charges for the aeronautical . On August 2, 2019, Parliament passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2019 which amends the Airports Economic Regulatory Authority of India Act, 2008.The new bill increases the threshold of annual passenger traffic for major airports to over 35 lakh from 15 lakh.

The Bill amends the definition of a major airport and adds that the Central Government may group airports and notify the group as a major airport. Scindia also praised PM Modi for launching the UDAN scheme and said the government was committed to the promise that the PM had made wherein he had said that every poor citizen of the country who wears a “Hawai” slipper should fly in a “Hawai Jahaz”. However, it could not be . PRS makes every effort to use reliable and comprehensive information, but PRS does not represent that the contents of the report are accurate or complete. Earlier, on July 29, the Bill was passed in the Lok Sabha.

The legislation seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. Found inside – Page 141The eight tribunals are being dissolved through the Finance Bill, 2017. ... Similarly, Airports Economic Regulatory Authority Appellate Tribunal and Cyber Appellate Tribunal would be replaced and their functions would be taken over by ... The AERA Act was enacted in 2008 to set up an independent Airports Economic Regulatory Authority.

AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India.

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Ministry of Civil Aviation Airports Economic Regulatory Authority of India Bill 2021 passed in Parliament Bill amends definition of 'major airport' allowing tariff determination of a 'group of airports' The bill to encourage the development of smaller airports Posted On: 04 AUG 2021 9:43PM by PIB Delhi With the passage in Rajya Sabha, Airports Economic…

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Found inside – Page 9The Airports Economic Regulatory Authority has been established to discharge regulatory functions in the airport sector . ... protection and conservation of forests , a National Green Tribunal Bill , 2009 has been introduced . “These diverse steps have been taken so that our national carriers can also offer the cargo services…,” he said.

THE AIRPORTS ECONOMIC REGULATORY AUTHORITY OF INDIA(AMENDMENT) BILL, 2021 (AS PASSED BY THE HOUSES OF PARLIAMENT) A BILL further to amend the Airports Economic Regulatory Authority of India Act, 2008. Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got approval of both houses of Parliament. A.

Background: The Airports Economic Regulatory Authority of India Act, 2008 established the Airport Economic Regulatory Authority (AERA). The Bill was tabled by Civil Aviation Minister Jyotiraditya Scindia and was passed in the Lok Sabha in June 2021. The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 was introduced in Lok Sabha on March 24, 2021.

The amendment will now insert a provision in the original Act for tariff determination of a “group of airports.”.

BE it enacted by Parliament in the Seventy-second Year of the Republic of India as follows:—.

The bill to encourage the development of smaller airports. The 2008 Act established the Airport Economic Regulatory Authority (AERA).

The definition of major airports would be changed to any aerodrome which has or is designated to have an annual passenger capacity of thirty-five lakh. The AERA was established for determining the tariff for aeronautical services rendered at major airports.

Accordingly, the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 proposes to amend the definition of "major airport" so as extend its scope to determine the tariff for a group of airports also, which will encourage development of smaller airports.

New Delhi: With the passage in Rajya Sabha, Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got the approval of both houses of Parliament today.

Earlier in the day, Scindia told Parliament that under the leadership of Prime Minister Narendra Modi, it was resolved that air travel which was exclusively used by well-off people, “should also be accessible to the poorer sections… of Indian society.”.

Found inside – Page 96The Airports Economic Regulatory Authority bill makes it clear that the regulator can be removed by the government after an internal inquiry; in contrast, the chairman and members of the appellate body can be dismissed only after a ... This website belongs to Airports Economic Regulatory Authority of India (AERA) Site Designed,Developed,Owned and Maintained by AERA.

Context: The Lok Sabha passed the Airports Economic Regulatory Authority of India (AERA) Amendment Bill, 2021 and seeks to amend the Airports Economic Regulatory Authority of India Act, 2008.. Background: The 2008 Act established the Airport Economic Regulatory Authority (AERA). Ministry of Civil Aviation Airports Economic Regulatory Authority of India Bill 2021 passed in ParliamentBill amends definition of 'major airport' allowing tariff determination of a 'group of airports' The bill to encourage the development of smaller airports Posted On: 04 AUG 2021 9:43PM by PIB Delhi With the passage in Rajya Sabha, Airports Economic Regulatory […]

“If there has been any democratisation of the travel in India, it has only happened under the government led by PM Modi, and all these things are motivated by only one thought which is the Atmanirbhar Bharat,” he had said. The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 proposes to tweak the definition of "major airport" so as to extend its scope to determine the tariff for a group of airports. The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 proposes to tweak the definition of "major airport" so as to extend its scope to determine the tariff for a group of airports. Disclaimer: This data is being furnished to you for your information. "The purpose of this amendment is to pair the smaller non-profitable . DISCLAIMER: This document is being furnished to you for your information.

Apart from newer airports in Assam, Punjab, Karnataka, Scindia specifically spoke about Darbhanga Airport in Bihar which, he said, was “missing” from the map of civil aviation and had now witnessed 110 flight movements from there to various parts of India since last one and a half year. Union Civil Aviation Minister Hardeep Singh Puri Friday introduced a Bill in Rajya Sabha that proposes to allow the Airports Economic Regulatory Authority of India (AERA) to bid out any new airport at a pre-determined tariff structure. Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 introduced in Lok Sabha.

Found inside – Page 52Airports Economic Regulatory Authority of India Bill 2021 The Parliament passed the 'Airports Economic Regulatory Authority of India Bill 2021' on August 4, 2021. The Bill amends the definition of 'major airport' to allow tariff ...

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“We have identified five zones for this clubbing which include north, south, east, west, and northeast zone.

Tariffs and other charges for aeronautical services given at airports to regulated by the Economic Regulatory Authority, which also monitors airport performance standards and other . 77-C of 2021 5

27 OF 2019 [6th August, 2019.] Civil aviation minister Jyotiraditya Scindia will move to introduce the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 in the Lok Sabha on Thursday, the eighth day of the .

Amendment of Act 27 of 2008. The Lok Sabha on Thursday, through a voice vote, passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021, which was tabled in Parliament by the newly inducted Union .

Earlier, on July 29, the Bill was passed in the Lok Sabha.

Ministry: Ministry of Civil Aviation It seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. Found inside – Page 126A bulk bill of 40 amendments to different laws, Finance Bill, 2017 has a string of legislations that will impact a ... 2013) Airports Economic Regulatory Authority of india Act, 2008 Airports Economic Regulatory Authority Appellate ...

On August 04, 2021, the Airports Economic Regulatory Authority of India Bill, 2021 passed in Parliament in order to develop not only the high traffic volume & profitable airports but also the low traffic volume of non-profitable airports. The bill proposes to change or improve the.Read More "Parliament passes Airports Economic Regulatory Authority .

It seeks to amend the Airports Economic Regulatory Authority of India Act, 2008.

About the Bill It seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. Q.

New Delhi: The Lok Sabha Thursday passed the Airports Economic Regulatory Authority of India (Amendment) Bill to encourage the development of smaller airports in the country.

The Act established the Airports Economic Regulatory Authority of India (AERA).

Rajya Sabha passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021, after a brief discussion amid protest and sloganeering by the Opposition over various issues, including the Pegasus snooping controversy .

Lok Sabha passes bill to encourage development of smaller airports.

AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at . What are the Key features of AERA Bill, 2021 ?

PRS is an independent, not-for-profit group. B.

BE it enacted by Parliament in the Seventy-second Year of the Republic of India as follows:— 1.

PRS Legislative Research is licensed under a Creative Commons Attribution 4.0 International License. Hosted at NIC. This data has been collated without regard to the objectives or opinions of those who may receive it.

The Airports Economic Regulatory Authority shall consist of a Chairperson and two other Members to be appointed by the Central Government, whenever the Authority is deciding a matter involving a civil enclave in a defence airfield, there shall be an additional Member, not below the rank of Additional Secretary to the Government of .

The Economic Regulatory Authority of India Bill 2021 related to the operation of airports in small cities was approved by Parliament on Wednesday.

Found inside – Page 99Airports Economic Regulatory Authority of India (Amendment) Bill, 2019 Date: 20th July 2019 Key Points: ○ ○ The Bill amends the Airports Economic Regulatory Authority of India Act, 2008. The Airports Economic Regulatory Authority of ... Found inside – Page 16Most of these viruses are unlike any viruses that have been cataloged to date, Airports Economic Regulatory as they have been remained frozen for Authority of India (Amendment) thousands of years. The study findings Bill, ...

Rajya Sabha passed Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 on August 4, 2021.

According to Poonam Verma, partner, J Sagar Associates, the bill proposes to amend the definition of "major airport" under Section 2 (i) of the Airports Economic Regulatory Authority Act, 2008 to include 'a group of airports' in place of 'any other airport'. Found insideAERA is -» The Airport Economic Regulatory Authority of India "®" The Lok Sabha on October 22, 2008 passed the Airports Economic Regulatory Authority of India (AERA) Bill 2007 seeking to regulate tariff and other charges for ... The opinions expressed herein are entirely those of the author(s).

Earlier, on July 29, the Bill was passed in the Lok Sabha.

Earlier, on July 29, the Bill was passed in the Lok Sabha. The Lok Sabha had moved the bill earlier on July 29, 2021.

New Delhi: The Parliament on Wednesday passed a bill which seeks to encourage smaller airports to expand air connectivity to relatively remote and far-flung areas. General Studies 3: Mobilization of resources, growth, development and employment In News: Rajya Sabha passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2019, and the Bill… Bill No 77 of 2021.

The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 was introduced in Lok Sabha on March 24, 2021.

4. In section 2 of the Airports Economic Regulatory Authority of India Act, 2008, in clause (i), after the words "any other airport", the words "or a group of airports" shall be inserted.

"The purpose of this amendment is to pair the smaller non-profitable . The 2008 Act established the Airport Economic Regulatory Authority (AERA). To this effect, the Parliament on Wednesday passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021. “While today we have 128 airports and 713 airplanes, we are aimed to lead... the aviation sector globally in coming future,” he said. “As per the UDAN Scheme, only the unserved (with no air connectivity) and underserved (having up to 7 departures per week) airports are considered for providing connectivity,” Scindia said.

Found inside – Page 26A Airport Authority of India B Airports Economic Regulatory Authority C Ministry of Civil Aviation D Secretary , Ministry ... Regulatory Authority (AERA) Bill 2007 ensures that the watchdog monitors performance standards of airports and ...

It proposes to amend the definition of 'major airport' under the Airports Economic Regulatory Authority Act, 2008 (AERA Act).

AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. When the Upper House assembled after a 15-minute adjournment at 2:56 pm, the opposition continued to protest. Found inside – Page 149Here are some key points you need to know: • The bill seeks to add 106 inland waterways to the existing six National ... An Airport Economic Regulatory Authority (AERA) was set up to ensure healthy competition among operators and ...

A major airport is one which has, or is designated to have, annual passenger throughput in excess of 3.5 million.

Context: The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 seeks to broaden the category of airports for which the Airports Economic Regulatory Authority (AERA) of India can determine tariff by amending the definition of major airports. The Bill seeks to achieve the above objectives.

Found insideOn a standalone basis, going just by air traffic, many of these airports may not be viable. ... India doesn't have an airport regulator, as the Airport Economic Regulatory Authority Bill is stuck in Parliament, which gives ministry ...

AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. Deputy Chairman Harivansh Narayan Singh, who was in the chair, called members for debate on the bill. Found inside – Page 8721: A bill to raise the FDI cap in the insurance sector to 49 per cent from the current 26 per cent is cleared by the ... 26: The Rajya Sabha passes the Airport Economic Regulatory Authority of India (AERAI) Bill, 2008, to pave the way ... The bill was earlier brought to Parliament in March this year and was referred for a review by the standing committee on transport, tourism, and culture. Airports Economic Regulatory Authority Of India (Amendment) Bill, 2021: With the passage in Rajya Sabha, Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got approval of both houses of Parliament. Found inside – Page 535A AAI (Airports Authority ofIndia) 301 AEC (Atomic Energy Commission) 14 AERA (Airport Economic Regulatory Authority) ... 410, 411 Airports Authority ofIndia 307 Airports Economic Regulatory Authority Bill, 2007 307 AMD (Atomic Minerals ...

The 2008 Act established the… The 2008 Act designates an airport as a major airport if it has an annual passenger traffic of at least 35 lakh.

Airports Economic Regulatory Authority of India (AERA) Amendment Bill Part of: GS Prelims and GS-II - Policies and interventions and GS-III - Infrastructure In news: AERA Amendment Bill, 2021, was recently passed in Lok Sabha. मता वाला स्वदेश स्मार्टफोन-चिप ‘कोआला’, Haryana’s Son amazing feat… Sumit Antil threw the golden spear, gave India the seventh medal in Paralympics, Tokyo Paralympics : Avani Lakheda won gold medal in shooting, Taliban Intends to maintain ties with India, Taliban leader Stanakzai calls relationship with India ‘important’, US air strike near Kabul airport, car targeted, two killed, three injured, Sports Minister Anurag Thakur launches Fit India Mobile app on National Sports Day. Found inside – Page 146... Natural Gas Regulatory Board, which regulates the refining, processing, storage, transportation, distribution and marketing of petroleum products, and the Airports Economic Regulatory Authority, which sets airport development fees, ...

Found inside – Page 28A Airport Authority of India B Airports Economic Regulatory Authority C Ministry of Civil Aviation D Secretary ... of east India company's trading rights Answer B Explanation: The Airports Economic Regulatory Authority (AERA) Bill 2007 ... Found inside – Page 9The bill amends the Right of Children to Free and Compulsory Education Act(RTE), 2009 to extend the deadline for teachers to ... Similarly, Airports Economic Regulatory Authority Appellate Tribunal and Cyber Appellate Tribunal would be ...

Following Scindia’s speech, the bill was passed in Lok Sabha through a voice vote.

Presenting the bill, Scindia said that under this new clubbing, the Airport Authority of India (AAI) will give priority to airports in smaller cities while newer airports will also be inaugurated.

The bill, which will amend the Airports Economic Regulatory Authority of India Act, 2008, was moved on the floor of the house for passage and consideration by Civil Aviation Minster Jyotiraditya Scindia. Key features of the Bill. NEW DELHI: Lok Sabha on Thursday passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 without a . The Act established the AERA. What changes are being proposed in the Bill?

Union Civil Aviation Minister Hardeep Singh Puri Friday introduced a Bill in Rajya Sabha that proposes to allow the Airports Economic Regulatory Authority of India (AERA) to bid out any new airport at a pre-determined tariff structure. This is established through: (a) reforming the framework for airport economic regulation, which includes replacing the current "one size fits all" approach with a modern licensing regime that puts the protection of passengers' interests at ...

Found inside – Page 121New Amendments to Finance Bill, 2017 • Adhaar made mandatory: The Union Government has proposed to make adhaar card mandatory ... Similarly, Airports Economic Regulatory Authority Appellate Tribunal and Cyber Appellate Tribunal would be ...

The Airports Economic Regulatory Authority (AERA) is a regulator that has the powers to set the tariffs charged at airports. The Lok Sabha had passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 on July 29. . The Bill proposes to amend the definition of 'major airport' so as extend its scope to determine the . Found inside – Page 1242009 The Airports Economic Regulatory Authority (AERA) Bill was passed to regulate the economic aspects of airports. 2010 SpiceJet started its international services. 2011 IndiGo started its international services. In News: The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 was introduced in Lok Sabha on March 24, 2021. It bill amends the Airports Economic Regulatory Authority of India Act, 2008.

A bill which seeks to amend the law governing the airports economic regulator was introduced in the Lok Sabha on Wednesday. Airports Economic Regulatory Authority Of India Amendment Bill 2021 - Free PDF Download . The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021.

Found inside – Page 54A Airport Authority of India B Airports Economic Regulatory Authority C Ministry of Civil Aviation D Secretary , Ministry of Civil Aviation Answer B Explanation: The Airports Economic Regulatory Authority (AERA) Bill 2007 ensures that ... The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June).

Responding to a question by MP Sunil Baburao Mendhe, Scindia had said that there were many cities in India where no one had ever seen an aircraft and today over 100 flights are operating towards such cities. After the bill got passed in Parliament today, Jyotiraditya M. Scindia thanked the MPs for their valuable feedback and support to the bill and he said, "This will .

Airports Economic Regulatory Authority of India: With the advent of private players in the airport sector in 2006, there was a risk of monopoly by them. The Airports Economic Regulatory Authority of India Bill, 2007 was introduced in the Lok Sabha on th the 5 September, 2007. The bill, which proposes to amend the definition of "major airport" under the Airports Economic Regulatory Authority Act, 2008 (Aera Act), was tabled by Union civil aviation minister . Consequently, the Airports Economic Regulatory Authority of India Act, 2008 (AERA Act) was passed which set up AERA. The Airports Economic Regulatory Authority of India (Amendment) Bill 2021, which proposes to amend the definition of 'major airport' under the Airports Economic Regulatory Authority Act, 2008 . The 2008 Act established the Airport Economic Regulatory Authority (AERA ). Found inside – Page 200A Airport Authority of India B Airports Economic Regulatory Authority C Ministry of Civil Aviation D Secretary , Ministry ... Regulatory Authority (AERA) Bill 2007 ensures that the watchdog monitors performance standards of airports and ... GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. The Rajya Sabha has passed the Airports Economic Regulatory Authority of India (AERA) Bill 2019 which amends the Airports Economic Regulatory Authority of India Act, 2008.

The Lok Sabha on July 29, 2021, passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021, which was tabled by Ministry of Civil Aviation. 1.

Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 . The Lok Sabha on Thursday, through a voice vote, passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021, which was tabled in Parliament by the newly inducted Union Minister for Civil Aviation Jyotiradtiya Scindia for passing.

The Bill proposes to amend the definition of "major airport" so as extend its scope to determine the tariff for a group of airports also, which will encourage development of smaller airports.

With the passage in Rajya Sabha, Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got approval of both houses of Parliament today.Earlier, on July 29, the Bill was passed in the Lok Sabha.

In a bid to expedite its assets monetisation plan and speed up development of smaller airports in the country, the Lok Sabha passed the Airports Economic Regulatory Authority of India (Amendment . Short title and commencement:- (1) This Act may be called the Airports Economic Regulatory Authority of India (Amendment) Act, 2021.

New Delhi: The Parliament on Wednesday passed a bill which seeks to encourage smaller airports to expand air connectivity to relatively remote and far-flung areas.

Major Airport: The provision defines "major airport".

This short Bill proposes only one amendment to Section 2 (i) of the . Passed amid a din surrounding the Pegasus scandal in the House, the Bill proposes an amendment to the Airports Economic Regulatory Authority of India (Amendment) Act, 2008, to extend the definition of "major airports".

BE it enacted by Parliament in the Seventieth Year of the Republic of India as follows:— 1.

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airport economic regulatory authority bill