Yesterday, the Senate passed a bill to reauthorize the Federal Aviation Administration bill by a vote of 75-20. The bill is funded through 2014.
The bill’s passage is major news after four years of trial and error, resulting in 23 temporary extensions. It will provide infrastructure improvements, next generation air traffic control and common sense regulatory reforms that won’t hinder growth. This is great news for American manufacturers.
Job creation and infrastructure investment are two of the NAM’s top priorities and this legislation takes important steps toward accomplishing them. The House passed the bill on February 3, by a margin of 248-169. The bill now awaits President Obama’s signature.