H.R. 3540 would amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund.

== Detailed Summary ==

<summary>
(Log inFederal Aviation Administration Extension Act of 2007 - Amends the Internal Revenue Code to editextend through December 31, 2007: (1) the wikiexcise taxes on aviation fuels and beair transportation of persons and property for funding the firstAirport and Airway Trust Fund; and (2) the expenditure authority for such Trust Fund.

Amends federal transportation law to provide a detailed summaryextend funding through December 31, 2007, for: (1) grants for airport planning and development and airport noise compatibility planning and programs; (2) operating expenses of the bill!)Federal Aviation Administration; (3) air navigation facilities; and (4) civil aviation research and development activities.

Extends through December 31, 2007, the authority of the Secretary of Transportation to: (1) incur obligations to make project grants for public-use airports; and (2) limit the liability of air carriers to third parties for claims arising out of acts of terrorism.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 9/20/2007: Placed on10/4/2007: Referred to Senate committee. Status: Read twice and referred to the Union Calendar, Calendar No. 209.Committee on Finance.
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== Points in Favor ==

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== Points Against ==

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