; and (B) include only those obligations necessary for the safe operation of small unmanned aircraft systems. (2) Small UAS air carrier certification process The Administrator, at the direction of the Secretary, shall establish a process for the issuance of a small UAS air carrier certificate described in paragraph (1) that is streamlined, simple, performance-based, and risk-based. Such certification process shall consider— (A) safety and the mitigation of operational risks from highly automated small unmanned aircraft systems to the safety of other aircraft, and persons and property on the ground; (B) the safety and reliability of highly automated small unmanned aircraft system design, including technological capabilities and operational limitations to mitigate such risks; and (C) the competencies and compliance programs of manufacturers, operators, and companies that both manufacture and operate small unmanned aircraft systems and components. (3) Small UAS air carrier classification The Secretary shall develop a classification system for small unmanned aircraft systems air carriers to establish economic authority for the carriage of property by small unmanned aircraft systems for compensation or hire. Such classification shall only require— (A) registration with the Department of Transportation; and (B) a valid small UAS air carrier certificate as described in paragraph (1). . (b) Conforming amendments (1) Repeals (A) In general Sections 332(a), 332(b), 332(d), 333, 334, and 336 of the FAA Modernization and Reform Act of 2012 ( 49 U.S.C. 40101 note) are repealed. (B) Clerical amendment The items relating to sections 333, 334, and 336 of the FAA Modernization and Reform Act of 2012 ( 49 U.S.C. 40101 note) in the table of contents contained in section 1(b) of that Act are repealed. (2) Penalties Section 46301 of title 49, United States Code, is amended— (A) in subsection (a)— (i) in paragraph (1)(A) by inserting chapter 455, after chapter 451,