Interconnected TMT

After months of negotiations, the President Biden signed into law the Securing Growth and Robust Leadership in American Aviation Act after months of negotiations and numerous last-minute extensions. The Act funds the Federal Aviation Administration (FAA) through Fiscal Year (FY) 2028 with over $105 billion in appropriations.

The Senate Committee on Commerce, Science, and Transportation passed a bill on February 8 that would fund the Federal Aviation Administration (FAA) for the next five years. This is the first sign of good progress on FAA Reauthorization since the House of Representatives passed its own version in July 2023. The Senate version of the bill was stalled in Committee, held up by a series of disagreements among senators on issues affecting pilots, including training requirements and a mandatory retirement age. When no progress was made by the end of last year, Congress was forced to pass a second short-term extension bill to fund the agency through March 8, 2024.

To learn more, please find our detailed analysis linked here.