Page:United States Statutes at Large Volume 118.djvu/1127

 118 STAT. 1097 PUBLIC LAW 108–297—AUG. 9, 2004 (2) the cancellation of registration of a civil aircraft of the United States based on a request made in accordance with the Cape Town Treaty. (c) EXPEDITED RULEMAKING PROCESS.— (1) FINAL RULE.—The Administrator shall issue regulations under this section by publishing a final rule by December 31, 2004. (2) EFFECTIVE DATE.—The final rule shall not be effective before the date the Cape Town Treaty enters into force with respect to the United States. (3) ECONOMIC ANALYSIS.—The Administrator shall not be required to prepare an economic analysis of the cost and bene fits of the final rule. (d) APPLICABILITY OF TREATY.—Notwithstanding parts 47.37(a)(3)(ii) and 47.47(a)(2) of title 14, of the Code of Federal Regulations, Articles IX(5) and XIII of the Cape Town Treaty shall apply to the matters described in subsection (b) until the earlier of the effective date of the final rule under this section or December 31, 2004. SEC. 5. LIMITATION ON VALIDITY OF CONVEYANCES, LEASES, AND SECURITY INSTRUMENTS. Section 44108(c)(2) of title 49, United States Code, is amended by striking the period at the end and inserting ‘‘or the Cape Town Treaty, as applicable.’’. SEC. 6. DEFINITIONS. (a) IN GENERAL.—Chapter 441 of title 49, United States Code, is amended by adding at the end the following: ‘‘§ 44113. Definitions ‘‘In this chapter, the following definitions apply: ‘‘(1) CAPE TOWN TREATY.—The term ‘Cape Town Treaty’ means the Convention on International Interests in Mobile Equipment, as modified by the Protocol to the Convention on International Interests in Mobile Equipment on Matters Spe cific to Aircraft Equipment, signed at Rome on May 9, 2003. ‘‘(2) UNITED STATES ENTRY POINT.—The term ‘United States Entry Point’ means the Federal Aviation Administration Civil Aviation Registry. ‘‘(3) INTERNATIONAL REGISTRY.—The term ‘International Registry’ means the registry established under the Cape Town Treaty.’’. (b) CONFORMING AMENDMENT.—The analysis for such chapter is amended by adding at the end the following: ‘‘44113. Definitions.’’. SEC. 7. EFFECTIVE DATE AND PRESERVATION OF PRIOR RIGHTS. This Act, including any amendments made by this Act, shall take effect on the date the Cape Town Treaty (as defined in section 44113 of title 49, United States Code) enters into force with respect to the United States and shall not apply to any registration or recordation that was made before such effective date under chapter 49 USC 44101 note. Publication.

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