President signs FAA reauthorization into law

Five years of negotiations in Congress came to an end last week as President Barack Obama signed H.R. 658, the FAA Modernization and Reform Act of 2012, into law.

The bill, which keeps the fuel tax at existing levels and does not include user fees, provides $63.4bn to fund the Federal Aviation Administration through 2015, including approximately $11bn towards the FAA’s proposed Next Generation air traffic control system.

It also keeps the fuel tax as general aviation’s means of paying for the system. “NBAA is pleased the FAA will at last have the necessary, long-term authorization in place to ensure the U.S. air transportation system remains the largest, safest and most efficient in the world,” said NBAA President and CEO Ed Bolen. “We thank the president, and lawmakers in both the House and Senate, in working to bring this measure to a successful resolution.” JetOptions is a member of the NBAA.

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