H.R. 3540, The Federal Aviation Administration Extension Act of 2007

• This bill has been mooted by the passage of another bill on the same subject or by other events. Check 'Related Bills' below to see if other bills on this subject have been passed into law. Mooted: 2/28/2008.
• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on October 10, 2007, 14:59:00, by webmaster:

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

Federal Aviation Administration Extension Act of 2007 - Amends the Internal Revenue Code to extend through December 31, 2007: (1) the excise taxes on aviation fuels and air transportation of persons and property for funding the Airport and Airway Trust Fund; and (2) the expenditure authority for such Trust Fund.

Amends federal transportation law to extend 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 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.

Status of the Legislation

Latest Major Action: 10/4/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Points in Favor

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Points Against

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