Time is running out for Congress to pass a multi-year FAA reauthorization bill this year.
The House approved its version of the FAA reauthorization bill May 21, and the Senate Commerce Committee approved its bill two months later. However, the process has stalled in the Senate — in part because the Finance Committee has yet to consider the tax portion of the measure.
It is unclear when Congress will adjourn for the year. However, the latest schedule indicates that the House could remain in session through Nov. 24.
The last FAA reauthorization bill — Vision 100 —expired more than two years ago. Since then, FAA has been operating under a series of short-term extensions. If Congress does not pass a multi-year FAA bill this year, lawmakers likely will consider yet another temporary extension and put off further consideration of the FAA legislation until next year.
AAAE continues to argue that every month that goes by without the House-passed provision to raise the PFC cap to $7 costs airports approximately $100 million in lost revenue. Moreover, uncertain AIP funding levels and short-term extensions can be disruptive to airports as they try to plan their construction projects.
AAAE is urging Congress to raise the PFC cap to $7.50, index it for construction cost inflation, and increase AIP funding by at least $100 million per year.