FAA Reauthorization

Words: 1038
Pages: 5
Open Document
The FAA Reauthorization Act of 2012
James Winchester
Embry Riddle Abstract
This paper will give a brief overview of the history and the changes made by The FAA Reauthorization Act of 2012. This information is geared toward students of Embry Riddle and was taken from various websites and the actual bill that establishes the FAA Modernization and Reform Act of 2012. After reading this you should have a general understanding of how the law came to be and how it will affect the aviation community in the future. The paper is by no means all-inclusive but will highlight the most critical points as pertains to the act. As an aviation professional you should continuously seek improvement and in an ever-changing environment, knowing …show more content…
Some of these include Agriculture, Armed Forces, Internal Revenue Code, Patents, Postal Service and Transportation to give you an idea of how broad the subjects are. The FAA Reauthorization Act of 2012 falls under transportation which is the 49th code in the broad list of subject matter. Once established, this code is published by the Office of the Law Revision Counsel of the U.S. House of Representatives and becomes law. Title 49 has ten subtitles but subtitle seven which covers aviation programs is the one that we will cover …show more content…
It took four years of controversy, thousands of hours of negotiations and twenty three short-term extensions to come to an agreement that would pave the way for a more efficient transportation system. The four hundred page bill was signed in to law by President Barack Obama on February 14, 2012. This new bill would allow for the modernization of the air transportation infrastructure making it able to compete with other countries that were also modernizing. Funding for this bill uses the proven, efficient and effective Pay-As-You-Go tax policy by extending existing tax structures used to finance the Airport and Airways Trust Fund. These taxes include passenger facility charges, taxes on jet fuel usage, taxes on tickets, fees per flight segments, taxes international travel and on cargo. By extending the previous tax structure the government was able to fund the FAA through 2015. This funding would include 63.4 billion dollars and 11 billion of that would be used to fund the proposed NextGen air traffic control
Show More

Related Documents: FAA Reauthorization

Essay on Passenger Facility Charges

of an individual airport’s projected PFC collections for that year, not to exceed 50% of the annual apportionment amount allocated to that airport for that same year (Wells & Young, 2004). This reduction in apportionment allocation permits the FAA to provide smaller airports with more capital funding (Price & Forrest, 2012). In 2000, Congress passed the Wendell H. Ford Aviation Investment and Reform Act for the 21st Century (AIR-21) which increased PFC limits to $4.50 per segment with an…

Words 2901 - Pages 12

Essay on Transportation Industry

The trucking industry is very large, diverse and competitive industry. There are a various types of trucking; they range from tractor trailer, straight trucks, couriers, less than truckload and truck load. Depending on the type of service and price you want to pay you can get just about anything delivered and in the time frame you want it delivered in. There are many factors that factors that are driving the transportation industry, we are going to look at what the trend and outlook for the transportation…

Words 886 - Pages 4