ANNUAL SAFETY INCIDENT REPORT.

SEC. 325. ANNUAL SAFETY INCIDENT REPORT. (a) In General.—Not later than 1 year after the date of enactment of this Act, and annually thereafter for 5 years, the Administrator, shall submit to the appropriate committees of Congress a report regarding part 121 airline safety oversight. (b) Contents.—The annual report shall include— (1) a description of the Federal Aviation Administration’s safety oversight process to ensure the safety of the traveling public; (2) a description of risk-based oversight methods applied to ensure aviation safety, including to specific issues addressed in the year preceding the report that in the determination of the Administrator address safety risk; and (3) in the instance of specific reviews of air carrier performance to safety regulations, a description of cases where the timelines for recurrent reviews are advanced.