Aviation Funding Solvency Act provides funding from the Aviation Insurance Revolving Fund for FAA activities during government shutdowns.
The Aviation Funding Solvency Act ensures that certain Federal Aviation Administration (FAA) activities can continue to receive funding from the Aviation Insurance Revolving Fund if there is a lapse in appropriations, such as during a government shutdown. This funding is contingent on the balance of the fund not falling below $1 billion. The act prioritizes the continuation of compensation for employees of the Air Traffic Organization of the FAA. Funding levels will continue as provided in the act for the next fiscal year if it is in effect at the end of the current fiscal year.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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