WASHINGTON, 6 Feb. 2012. U.S. senators have approved the Federal Aviation Administration (FAA) Modernization and Reform Act of 2012, submitting the bill to President Obama, who is reportedly in support of the legislature. If approved, the FAA Modernization and Reform Act will end a lengthy period of short-term funding extensions upon which FAA staff relied for years.
The FAA has been functioning for roughly more than six years (since 2005) on 23 short-term extensions to the agency's 2004 funding. Projects, including the NextGen air transportation system, have been slow to progress as a direct result of a failure by the U.S. Congress to commit to funding the FAA.
Read the FAA Modernization and Reform Act of 2012 online at: http://www.gpo.gov/fdsys/pkg/CRPT-112hrpt381/pdf/CRPT-112hrpt381.pdf
Members of the avionics industry are speaking out en masse in celebration of the U.S. Senate’s FAA funding decision.