Lawmakers Shift Funds To Preserve Aviation Trust Fund | Aviation International News

Regulations and Government

Lawmakers Shift Funds To Preserve Aviation Trust Fund

The stopgap funding bill includes a measure to shift $14 billion into the Airport and Airway Trust Fund.

By Kerry Lynch • Editor, AIN monthly magazine

October 2, 2020

As the U.S. Congress approved a stopgap bill to extend funding for government agencies, including the FAA, through December 11, lawmakers took an unusual step of moving $14 billion out of the federal treasury general funds into the Airport and Airway Trust Fund. The funding will help keep the trust fund liquid as it was in danger of depletion as an unintended consequence of the CARES Act and the ongoing dampened travel in general from the Covid-19 crisis.

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