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The Israeli government on Wednesday released details of a proposed law that could restore its aviation safety record.

The Civil Aviation Administration released the text of the new bill whose passage is demanded by the United States government as a precondition for restoring Israel's airport safety ranking to the highest level ? Category 1.

Transportation Minister Yisrael Katz said the new bill will be submitted for approval by the ministerial committee on legislation by August 1 in an effort to expedite the ratings process.

Late last year, the U.S. Federal Aviation Administration reduced Israel's aviation traffic safety ranking to Category 2, which is on par with developing countries. The FAA found numerous safety lapses, including outdated regulations that were originally introduced during the British Mandate period.