1. Short title This Act may be cited as the National Center for the Advancement of Aviation Act of 2023 . 2. Federal charter for the National Center for the Advancement of Aviation (a) In general Chapter 1 of title 49, United States Code, is amended by adding at the end the following: 120. National Center for the Advancement of Aviation (a) Federal charter and status (1) In general The National Center for the Advancement of Aviation (in this section referred to as the Center ) is a federally chartered entity. The Center is a private independent entity, not a department, agency, or instrumentality of the United States Government or a component thereof. Except as provided in subsection (f)(1), an officer or employee of the Center is not an officer or employee of the Federal Government. (2) Perpetual existence Except as otherwise provided, the Center shall have perpetual existence. (b) Governing body (1) In general The Board of Directors (in this section referred to as the Board ) is the governing body of the Center. (2) Authority of powers (A) In general The Board shall adopt a constitution, bylaws, regulations, policies, and procedures to carry out the purpose of the Center and may take any other action that it considers necessary (in accordance with the duties and powers of the Center) for the management and operation of the Center. The Board is responsible for the general policies and management of the Center and for the control of all funds of the Center. (B) Powers of board The Board shall have the power to do the following: (i) Adopt and alter a corporate seal. (ii) Establish and maintain offices to conduct its activities. (iii) Enter into contracts or agreements as a private entity not subject to the requirements of title 41. (iv) Acquire, own, lease, encumber, and transfer property as necessary and appropriate to carry out the purposes of the Center. (v) Publish documents and other publications in a publicly accessible manner. (vi) Incur and pay obligations as a private entity not subject to the