Regulations and Government
Congress drafts FAA reauthorization plan
Both the House and the Senate have begun the arduous process of reauthorizing the FAA, in other words replacing the historic Aviation Investment and Reform

Both the House and the Senate have begun the arduous process of reauthorizing the FAA, in other words replacing the historic Aviation Investment and Reform Act for the 21st Century (AIR-21), which set spending priorities for the past three fiscal years. AIR-21 expires September 30, the end of fiscal year 2003.

Congress passed AIR-21 overwhelmingly in 2000, earmarking $40 billion for the FAA over the three-year life of the act. Among its provisions was “unlocking” the Airport and Airway Trust Fund, in which lawmakers agreed that all of the money flowing into the fund from aviation taxes would be spent on the FAA and airports.