UPDATING PASSENGER INFORMATION REQUIREMENT REGULATIONS.

SEC. 518. [49 U.S.C. 44701 note] UPDATING PASSENGER INFORMATION REQUIREMENT REGULATIONS. (a) ARAC Tasking.—Not later than 3 years after the date of enactment of this Act, the Administrator shall task the Aviation Rulemaking Advisory Committee with— (1) reviewing passenger information requirement regulations under section 121.317 of title 14, Code of Federal Regulation, and such other related regulations as the Administrator determines appropriate; and (2) making recommendations to update and improve such regulations. (b) Final Regulation.—Not later than 6 years after the date of enactment of this Act, the Administrator shall issue a final regulation revising section 121.317 of title 14, Code of Federal Regulations, and such other related regulations as the Administrator determines appropriate, to— (1) update such section and regulations to incorporate exemptions commonly issued by the Administrator; (2) reflect civil penalty inflation adjustments; and (3) incorporate such updates and improvements recommended by the Aviation Rulemaking Advisory Committee that the Administrator determines appropriate.