; (2) in subparagraph (E) by striking the period at the end and inserting ; and ; and (3) by adding at the end the following: (F) erosion of labor standards associated with flag of convenience carriers. . (c) Flag of convenience carrier defined Section 40102(a) of title 49, United States Code, is amended— (1) by redesignating paragraphs (21) through (47) as paragraphs (22) through (48), respectively; and (2) by inserting after paragraph (20) the following: (21) flag of convenience carrier means a foreign air carrier that is established in a country other than the home country of its majority owner or owners in order to avoid regulations of the home country. .