NATIONAL TRANSPORTATION POLICY.

SEC. 3. NATIONAL TRANSPORTATION POLICY. (a) Formulation of Policy.—Within one year after the date of enactment of this title, the Secretary of Transportation shall formulate and recommend to the (Congress for approval a national transportation policy. In the formulation of such policy, the Secretary shall take into consideration, among other things— (1) the coordinated development and improvement of all modes of transportation, together with the priority which shall be assigned to the development and improvement of each mode of transportation; and (2) the coordination of recommendations made under this title relating to airport and airway development with all other recommendations to the Congress for the development and improvement of our national transportation system. (b) Annual Report.—The Secretary shall submit an annual report to the Congress on the implementation of the national transportation policy formulated under subsection (a) of this section. Such report shall include the specific actions taken by the Secretary with respect to (1) the coordination of the development and improvement of all modes of transportation, (2) the establishment of priorities with respect to the development and improvement of each mode of transportation, and (3) the coordination of recommendations under this title relating to airport and airway development with all other recommendations to the Congress for the development and improvement of our national transportation system.