With slightly more than two days left before the FAA’s funding authority was set to expire, Congress approved a six-month extension, a stopgap measure that keeps the agency afloat until March 31, 2018.
Congress Approves FAA Funding Extension
Key Takeaways:
- Congress approved a six-month extension for the FAA's funding authority, preventing its expiration until March 31, 2018.
- The passage of the extension was facilitated by the removal of language that would have allowed private flood insurance companies to enter the market.
- The bill was also tweaked to broaden tax break eligibility for U.S. citizens in Puerto Rico and the U.S. Virgin Islands.
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