holder or the Administration as necessary 
for the panel to complete its work. 
(B) DISCLOSURE
OF
FINANCIAL
INTER-
ESTS.—Each individual serving on the review 
panel shall disclose to the Administrator any fi-
nancial interest held by such individual, or a 
spouse or dependent of such individual, in a 
business enterprise engaged in the design or 
production of transport airplanes, aircraft en-
gines designed for transport airplanes, or major 
systems, components, or parts thereof. The Ad-
ministrator shall publicly post such disclosure 
on the website of the Administration in a de- 
identified form. 
(C) PROTECTION OF PROPRIETARY INFOR-
MATION; TRADE SECRETS.— 
(i) MARKING.—The custodian of a 
record accessed under subparagraph (A) 
may mark such record as proprietary or 
containing a trade secret. A marking under 
this subparagraph shall not be dispositive 
with respect to whether such record con-
tains any information subject to legal pro-
tections from public disclosure. 
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(ii) NONDISCLOSURE
FOR
NON-FED-
ERAL GOVERNMENT PARTICIPANTS.— 
(I) NON-FEDERAL GOVERNMENT 
PARTICIPANTS.—Prior 
to 
partici-
pating on the review panel, each indi-
vidual serving on the review panel rep-
resenting a non-Federal entity, includ-
ing a labor union, shall execute an 
agreement with the Administrator in 
which the individual shall be prohib-
ited from disclosing at any time, ex-
cept as required by law, to any per-
son, foreign or domestic, any non-pub-
lic information made accessible to the 
panel under subparagraph (A). 
(II) FEDERAL
EMPLOYEE
PAR-
TICIPANTS.—Federal employees serv-
ing on the review panel as representa-
tives of the Federal Government and 
who are required to protect propri-
etary information and trade secrets 
under section 1905 of title 18, United 
States Code, shall not be required to 
execute agreements under this sub-
paragraph. 
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(iii) PROTECTION
OF
VOLUNTARILY 
SUBMITTED SAFETY INFORMATION.—Infor-
mation subject to protection from disclo-
sure by the Administration in accordance 
with sections 40123 and 44735 of title 49, 
United States Code, is deemed voluntarily 
submitted to the Administration under 
such sections when shared with the review 
panel and retains its protection from dis-
closure (including protection under section 
552(b)(3) of title 5, United States Code). 
The custodian of a record subject to such 
protection may mark such record as sub-
ject to statutory protections. A marking 
under this subparagraph shall not be dis-
positive with respect to whether such 
record contains any information subject to 
legal protections from public disclosure. 
Members of the review panel will protect 
voluntarily submitted safety information 
and other otherwise exempt information to 
the extent permitted under applicable law. 
(iv) PROTECTION
OF
PROPRIETARY 
INFORMATION
AND
TRADE
SECRETS.— 
Members of the review panel will protect 
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proprietary information, trade secrets, and 
other otherwise exempt information to the 
extent permitted under applicable law. 
(v) RESOLVING
CLASSIFICATION
OF 
INFORMATION.—If the review panel and an 
organization 
designation 
authorization 
holder subject to review under this section 
disagree as to the proper classification of 
information described in this subpara-
graph, then the deputy chief counsel of the 
Administration shall determine the proper 
classification of such information and 
whether such information will be redacted. 
(D) APPLICABLE LAW.—Public Law 92– 
463 shall not apply to the panel established 
under this subsection. 
(E) FINANCIAL
INTEREST
DEFINED.—In 
this paragraph, the term ‘‘financial interest’’— 
(i) excludes securities held in an index 
fund; and 
(ii) includes— 
(I) any current or contingent 
ownership, equity, or security interest; 
(II) an indebtedness or com-
pensated employment relationship; or 
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(III) any right to purchase or ac-
quire any such interest, including a 
stock option or commodity future. 
(b) FAA AUTHORITY.— 
(1) IN GENERAL.—After reviewing the findings 
of the review panel submitted under subsection 
(a)(5), the Administrator may limit, suspend, or ter-
minate an organization designation authorization 
subject to review under this section. 
(2) REINSTATEMENT.—The Administrator may 
condition reinstatement of a limited, suspended, or 
terminated organization designation authorization on 
the holder’s implementation of any corrective actions 
determined necessary by the Administrator. 
(3) RULE OF CONSTRUCTION.—Nothing in this 
subsection shall be construed to limit the Adminis-
trator’s authority to take any action with respect to 
an organization designation authorization, including 
limitation, suspension, or termination of such au-
thorization. 
(c) ORGANIZATION DESIGNATION AUTHORIZATION 
PROCESS IMPROVEMENTS.—Not later than 1 year after 
receipt of the recommendations submitted under sub-
section (a)(5), the Administrator shall— 
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(1) report to the congressional committees of 
jurisdiction on— 
(A) whether the Administrator has con-
cluded that such holder is able to safely and re-
liably perform all delegated functions in accord-
ance with all applicable provisions of chapter 
447 of title 49, United States Code, title 14, 
Code of Federal Regulations, and other orders 
or requirements of the Administrator, and, if 
not, the Administrator shall outline— 
(i) the risk mitigations or other cor-
rective actions, including the implementa-
tion timelines of such mitigations or ac-
tions, the Administrator has established 
for or required of such holder as pre-
requisites for a conclusion by the Adminis-
trator under subparagraph (A); or 
(ii) the status of any ongoing inves-
tigatory actions; and 
(B) the status of implementation of each 
of the recommendations of the review panel, if 
any, with which the Administrator concurs; and 
(2) report to the congressional committees of 
jurisdiction on— 
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