FAA Authorization Compromise Reached

House and Senate negotiators on the long-awaited final Federal Aviation Administration (FAA) reauthorization bill have reached an agreement. Details of the conference agreement are not yet available. Senate Aviation subcommittee chairman John D. Rockefeller (D-WVa) issued a statement which says the conference agreement is a bill lasting four fiscal years (the remainder of FY 2012 plus FYs 2013, 2014 and 2015) with, "Annual funding for FAA's programs are consistent with the FY 2012 appropriated levels for the next four years." The Airport Improvement Program has contract authority of $3.35 billion per year. For more information, please contact Brian Deery at (703) 837-5319 or deeryb@agc.org.