All Roll Calls
Yes: 385 • No: 24
118-hr-8289118th CongressWALLET
Airport and Airway Extension Act of 2024, Part II
Sponsored By: Representative Graves, Sam [R-MO-6]
Became Law
Summary
Extends FAA airport funding and the tax rules that feed the Airport and Airway Trust Fund through mid‑May 2024. This law adjusts Airport Improvement Program authorizations and moves several FAA deadlines to May 17–18, 2024 so airport projects and Trust Fund receipts stay uninterrupted.
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- Airports and local projects: It raises the Airport Improvement Program discretionary authorization to about $2.1 billion for Oct 1, 2023 through May 17, 2024 and sets supplemental discretionary funding at about $334.6 million. Those AIP funds may be obligated at any time through Sept 30, 2024.
- FAA program rules and deadlines: It extends a range of expiring statutory authorities and project grant dates by substituting May 17 or May 18, 2024 for prior May dates. That keeps apportionment timing and related program authorities in place.
- Airport and Airway Trust Fund financing: It extends the tax provisions that fund the Trust Fund to May 17–18, 2024. That maintains the revenue framework that supports FAA airport programs.
*Preserves current funding flows for FAA airport programs by extending AIP authorizations and the tax rules that support the Airport and Airway Trust Fund through mid‑May 2024.*
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
More time to use airport funds
The FAA can obligate these airport funds any time through September 30, 2024. The money stays available until it is spent. The law also moves project grant and apportionment dates to May 17, 2024, giving one more week to finalize those actions.
Airport grants rise, some funds cut
The law sets airport grant funding at about $2.1 billion from Oct 1, 2023 to May 17, 2024. It also sets a related funding line at about $24.5 million. At the same time, a supplemental airport grant pot drops to about $334.6 million, down from about $340.3 million. Airport sponsors can use these funds under normal grant rules.
Aviation taxes and funding stay active
The law keeps aviation excise taxes in place through May 17, 2024 and keeps Airport and Airway Trust Fund spending authority through May 18, 2024. It also adds this Act’s name to the trust fund law. This keeps money flowing to FAA programs for that extra week.
Sponsors & CoSponsors
Sponsor
Graves, Sam [R-MO-6]
MO • R
Cosponsors
Rep. Larsen, Rick [D-WA-2]
WA • D
Sponsored 5/8/2024
Roll Call Votes
house vote • 5/8/2024
On Motion to Suspend the Rules and Pass
Yes: 385 • No: 24