CLARIFICATION OF REGULATORY APPROVAL PROCESS.

SEC. 305. CLARIFICATION OF REGULATORY APPROVAL PROCESS. Section 106(f)(3)(B)(i) is amended— (1) by striking “$100,000,000” each place it appears and inserting “$250,000,000”; (2) by striking “Air Traffic Management System Performance Improvement Act of 1996” and inserting “Wendell H. Ford Aviation Investment and Reform Act for the 21st Century”;114 STAT. 124 (3) in sub clause (I)— (A) by inserting “substantial and” before “material”; and (B) by inserting “or” after the semicolon at the end; and (4) by striking sub clauses (II), (III), and (IV) and inserting the following: “(II) raise novel or significant legal or policy issues arising out of legal mandates that may substantially and materially affect other transportation modes.”.